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Support for Businesses to Provide Employee Childcare Services

New rules allow small businesses to use government loans to provide childcare services for their employees' families. This aims to help in areas with childcare shortages, making it easier for parents to return to work.
Key points
Businesses can now use Small Business Administration (SBA) loans for employee childcare services.
The change aims to increase childcare availability, especially in underserved areas.
Implementing regulations will be issued within 180 days to facilitate these changes.
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Additional Information
Print number: 117_S_5022
Sponsor: Sen. Ernst, Joni [R-IA]
Process start date: 2022-09-29