Small Business Child Care Investment Act

S 673, the Small Business Child Care Investment Act, expands access to small business loans for eligible nonprofit child care centers. It redefines "small business" under existing law to include nonprofit providers meeting specific criteria (like 501(c)(3) status, state licensing, and anti-discrimination policies), allowing them to qualify for SBA loan programs. Key provisions require loan guarantees for amounts over $500,000 but not for smaller loans, and prohibit denying eligibility based on religious activities protected by the First Amendment. The bill also mandates annual SBA reports to Congress tracking the number and value of loans provided to these providers.