WASHINGTON, D.C. – Today, U.S. Senator Jacky Rosen (D-NV) released the following statement applauding Reps. Susie Lee (D-NV) and Pete Stauber (R-MN) on their introduction of H.R. 5789, companion legislation to Senator Rosen’s bipartisan Small Business Child Care Investment Act (S.2549). This bill would make non-profit child care providers eligible to participate in all loan programs available through the Small Business Administration (SBA). Currently, these non-profits are only eligible to access SBA microloans. By increasing access to additional resources through the SBA, this bipartisan legislation will support these providers in expanding the availability of high-quality child care for working families.
“A lack of access to affordable, quality child care creates additional financial burdens for far too many of Nevada’s hardworking families,” said Senator Rosen. “I’m glad to see the House introduce companion legislation to my bipartisan Small Business Child Care Investment Act. This bill would bring Nevada’s hard-working parents relief by increasing the availability of high-quality child care for their families. I will continue working on forward-thinking legislation that improves the lives of Nevada families.”
BACKGROUND: Under the bill, covered non-profit child care providers would be eligible for the same SBA loan programs as for-profit small businesses. The bipartisan Small Business Child Care Act would allow these providers to expand and update their facilities and services.
Last September, Senator Rosen and Senator Joni Ernst (R-IA) introduced the bipartisan Small Business Child Care Investment Act (S.2549) in the Senate.
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