[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 5022 Introduced in Senate (IS)]

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117th CONGRESS
  2d Session
                                S. 5022

 To allow recipients of certain loans made or guaranteed by the Small 
 Business Administration to use the loan proceeds to provide childcare 
             services to employees, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           September 29, 2022

Ms. Ernst (for herself, Mr. Grassley, Mr. Scott of South Carolina, and 
  Mr. Peters) introduced the following bill; which was read twice and 
    referred to the Committee on Small Business and Entrepreneurship

_______________________________________________________________________

                                 A BILL


 
 To allow recipients of certain loans made or guaranteed by the Small 
 Business Administration to use the loan proceeds to provide childcare 
             services to employees, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Childcare Development of Employee 
Solutions for Early Rearing in Towns with Shortages Act'' or the 
``Childcare DESERTS Act''.

SEC. 2. CHILDCARE SERVICES AS ALLOWABLE EXPENSE UNDER BUSINESS LOAN AND 
              504/CDC LOAN PROGRAMS.

    (a) Business Loans.--Section 7(a) of the Small Business Act (15 
U.S.C. 636(a)) is amended by adding at the end the following:
            ``(38) Childcare services.--The Administration may 
        guarantee loans under this subsection to a small business 
        concern for which the proceeds are used to provide childcare 
        services to members of the immediate family of employees of the 
        small business concern.''.
    (b) 504/CDC Loans.--Section 502(1) of the Small Business Investment 
Act of 1958 (15 U.S.C. 696(1)) is amended--
            (1) by striking ``borrower to'' and inserting the 
        following: ``borrower--
                    ``(A) to'';
            (2) in subparagraph (A), as so designated, by striking 
        ``and for a'' and inserting the following: ``; and
                    ``(B) for--
                            ``(i) a''; and
            (3) in subparagraph (B), as so designated--
                    (A) in clause (i), by striking the period at the 
                end and inserting ``; or''; and
                    (B) by adding at the end the following:
                            ``(ii) providing childcare services to 
                        members of the immediate family of employees of 
                        the small business concern.''.
    (c) Regulations.--Not later than 180 days after the date of 
enactment of this Act, the Administrator of the Small Business 
Administration, in partnership with the Assistant Secretary of the 
Administration for Children and Families, shall issue regulations to 
implement the amendments made by this Act.
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