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Small Business Child Care Investment Act

4/11/2024, 8:08 AM

Congressional Summary of S 673

Small Business Child Care Investment Act

This bill deems certain nonprofit child care providers to be small business concerns so that they may participate in specified loan programs administered by the Small Business Administration (e.g., the 7(a) loan program).

Current Status of Bill S 673

Bill S 673 is currently in the status of Bill Introduced since March 7, 2023. Bill S 673 was introduced during Congress 118 and was introduced to the Senate on March 7, 2023.  Bill S 673's most recent activity was Committee on Small Business and Entrepreneurship. Hearings held. as of April 10, 2024

Bipartisan Support of Bill S 673

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
5
Democrat Cosponsors
2
Republican Cosponsors
3
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 673

Primary Policy Focus

Commerce

Potential Impact Areas

- Child care and development
- Elementary and secondary education
- Government lending and loan guarantees
- Preschool education
- Small business
- Social work, volunteer service, charitable organizations
- Tax-exempt organizations

Alternate Title(s) of Bill S 673

Small Business Child Care Investment Act
Small Business Child Care Investment Act
Small Business Child Care Investment Act
A bill to allow nonprofit child care providers to participate in certain loan programs of the Small Business Administration, and for other purposes.
A bill to allow nonprofit child care providers to participate in certain loan programs of the Small Business Administration, and for other purposes.

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