[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5789 Introduced in House (IH)]
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116th CONGRESS
2d Session
H. R. 5789
To allow nonprofit child care providers to participate in the loan
programs of the Small Business Administration.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
February 6, 2020
Mrs. Lee of Nevada (for herself, Mr. Stauber, Ms. Finkenauer, Mr.
Hagedorn, Ms. Porter, Mr. Balderson, Mrs. Axne, Mr. Moolenaar, Mrs.
Lowey, Mr. King of New York, Ms. Wild, and Mr. Taylor) introduced the
following bill; which was referred to the Committee on Small Business
_______________________________________________________________________
A BILL
To allow nonprofit child care providers to participate in the loan
programs of the Small Business Administration.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Small Business Child Care Investment
Act''.
SEC. 2. SMALL BUSINESS LOANS FOR NONPROFIT CHILD CARE PROVIDERS.
Section 3(a) of the Small Business Act (15 U.S.C. 632(a)) is
amended by adding at the end the following:
``(10) Nonprofit child care providers.--
``(A) Definition.--In this paragraph, the term
`covered nonprofit child care provider' means an
organization--
``(i) that--
``(I) is in compliance with
licensing requirements for child care
providers of the State in which the
organization is located;
``(II) is described in section
501(c)(3) of the Internal Revenue Code
of 1986 and exempt from tax under
section 501(a) of such Code; and
``(III) is primarily engaged in
providing child care for children from
birth to compulsory school age;
``(ii) for which each employee and regular
volunteer complies with the criminal background
check requirements under section 658H(b) of the
Child Care and Development Block Grant Act of
1990 (42 U.S.C. 9858f(b)); and
``(iii) that may--
``(I) provide care for school-age
children outside of school hours or
outside of the school year; or
``(II) offer preschool or
prekindergarten educational programs.
``(B) Eligibility for loan programs.--
Notwithstanding any other provision of this subsection,
a covered nonprofit child care provider shall be deemed
to be a small business concern for purposes of any
program under this Act or the Small Business Investment
Act of 1958 (15 U.S.C. 661 et seq.) under which--
``(i) the Administrator may make loans to
small business concerns;
``(ii) the Administrator may guarantee
timely payment of loans to small business
concerns; or
``(iii) the recipient of a loan made or
guaranteed by the Administrator may make loans
to small business concerns.''.
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