Small Business Child Care Investment Act

HR 2602, the Small Business Child Care Investment Act, reclassifies eligible nonprofit child care centers as "small business concerns" under federal loan programs. This allows organizations meeting specific criteria - like state licensing, 501(c)(3) tax status, and non-discrimination policies - to access SBA Section 7(a) loans and Title V financing. The bill requires loan guarantees for amounts over $500,000 but eliminates denial of loans solely due to religious activity (per First Amendment protections). It mandates annual SBA reports tracking loan numbers and amounts provided to these child care providers. The law directly affects nonprofit child care centers serving children from birth to school age.