Allows nonprofit child care providers to participate in certain Small Business Administration loan programs.
The Small Business Child Care Investment Act amends the Small Business Act to allow nonprofit child care providers to participate in certain loan programs of the Small Business Administration. These providers must meet specific criteria, such as being in compliance with state licensing requirements and being exempt from tax under the Internal Revenue Code. The bill also prohibits the Small Business Administration from determining a provider's eligibility based on associations protected by the First Amendment.
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