[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 673 Reported in Senate (RS)]
<DOC>
Calendar No. 163
118th CONGRESS
1st Session
S. 673
To allow nonprofit child care providers to participate in certain loan
programs of the Small Business Administration, and for other purposes.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
March 7, 2023
Ms. Rosen (for herself, Ms. Ernst, Ms. Duckworth, Mr. Rubio, and Mr.
Risch) introduced the following bill; which was read twice and referred
to the Committee on Small Business and Entrepreneurship
July 25, 2023
Reported by Mr. Cardin, without amendment
_______________________________________________________________________
A BILL
To allow nonprofit child care providers to participate in certain loan
programs of the Small Business Administration, and for other purposes.
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.
(a) In General.--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;
``(III) is primarily engaged in
providing child care for children from
birth to compulsory school age; and
``(IV) is in compliance with the
size standards established under this
subsection for business concerns in the
applicable industry;
``(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));
``(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;
and
``(iv) subject to any exemption under
Federal law applicable to the organization,
that certifies to the Administrator that the
organization will not discriminate in any
business practice, including providing services
to the public, on the basis of race, color,
religion, sex, sexual orientation, marital
status, age, disability, or national origin.
``(B) Eligibility for certain loan programs.--
``(i) In general.--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
loans under section 7(a) of this Act or
financing under title V of the Small Business
Investment Act of 1958 (15 U.S.C. 695 et seq.).
``(ii) Loan guarantee.--A covered nonprofit
child care center provider--
``(I) shall obtain a guarantee of
timely payment of the loan or financing
from another person or entity to be
eligible for a loan or financing of
more than $500,000 under the authority
under clause (i); and
``(II) shall not be required to
obtain a guarantee of timely payment of
the loan or financing to be eligible
for a loan or financing that is not
more than $500,000 under the authority
under clause (i).
``(C) Limitation on basis for ineligibility.--The
Administrator may not determine that a covered
nonprofit child care center provider is not eligible
for a loan or financing described in subparagraph
(B)(i) on the basis that the proceeds of the loan or
financing will be used for a religious activity
protected under the First Amendment to the Constitution
of the United States, as interpreted by the courts of
the United States.''.
(b) Reporting.--
(1) Definition.--In this subsection, the term ``covered
nonprofit child care provider'' has the meaning given the term
in paragraph (10) of section 3(a) of the Small Business Act (15
U.S.C. 632(a)), as added by subsection (a).
(2) Requirement.--Not later than 1 year after the date of
enactment of this Act, and annually thereafter, the
Administrator of the Small Business Administration shall submit
to Congress a report that contains--
(A) for the year covered by the report--
(i) the number of loans made under section
7(a) of the Small Business Act (15 U.S.C.
636(a)) and the number of financings provided
under title V of the Small Business Investment
Act of 1958 (15 U.S.C. 695 et seq.) to covered
nonprofit child care providers; and
(ii) the amount of such loans made and the
amount of such financings provided to covered
nonprofit child care providers; and
(B) any other information determined relevant by
the Administrator.
Calendar No. 163
118th CONGRESS
1st Session
S. 673
_______________________________________________________________________
A BILL
To allow nonprofit child care providers to participate in certain loan
programs of the Small Business Administration, and for other purposes.
_______________________________________________________________________
July 25, 2023
Reported without amendment