House Passes Bills to Stabilize, Improve Childcare
#Washington, DC – The House of Representatives passed the Childcare is Essential Act and the Childcare for Economic Recovery Act. These bills are essential to providing immediate relief for suffering childcare centers and providing long-term stability to the industry. While many childcare centers have remained open during the pandemic, new regulations requiring increased safety procedures and limiting the number of children cared for have increased cost while decreasing revenue. One estimate by the Minneapolis Federal Reserve reports that most childcare centers are currently operating at a loss. Only 6% of childcare centers were able to secure a Paycheck Protection Program (PPP) loan, and more than 240,000 childcare workers have lost their jobs or been furloughed. “Childcare centers across the country,…
