Policy Impact Analysis - 117/S/5022

Bill Overview

Title: Childcare DESERTS Act

Description: This bill allows recipients of Small Business Administration loans under the 7(a) loan program and 504 loan program to use such loans to provide child care services to their employees.

Sponsors: Sen. Ernst, Joni [R-IA]

Target Audience

Population: Employees and their children in small businesses utilizing SBA loans for childcare

Estimated Size: 20000000

Reasoning

Simulated Interviews

Store Manager (rural Ohio)

Age: 30 | Gender: female

Wellbeing Before Policy: 5

Duration of Impact: 20.0 years

Commonness: 14/20

Statement of Opinion:

  • I hope this policy passes because having childcare on-site would remove a major stressor for me.
  • Currently, I spend more than an hour commuting to get to a reliable childcare center.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 5
Year 2 7 5
Year 3 8 5
Year 5 9 4
Year 10 9 3
Year 20 9 3

Small Business Owner (San Francisco, CA)

Age: 45 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 10.0 years

Commonness: 10/20

Statement of Opinion:

  • Providing childcare could be a significant perk for my employees and might help retain top talent.
  • However, implementing this service comes with logistical and financial challenges even with the loan.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 7 6
Year 3 7 7
Year 5 8 7
Year 10 9 7
Year 20 9 7

Marketing Specialist (New York City, NY)

Age: 33 | Gender: female

Wellbeing Before Policy: 8

Duration of Impact: 0.0 years

Commonness: 16/20

Statement of Opinion:

  • This policy doesn't impact me at all since I don't need childcare services.
  • I can see how it benefits colleagues with kids, which is positive for the company overall.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 8
Year 2 8 8
Year 3 8 8
Year 5 8 8
Year 10 8 8
Year 20 8 8

Accountant (Boston, MA)

Age: 50 | Gender: female

Wellbeing Before Policy: 5

Duration of Impact: 5.0 years

Commonness: 12/20

Statement of Opinion:

  • This initiative could ease the burden on travel-heavy occupations with childcare on-site or nearby.
  • It's a step forward, but I worry if limited businesses will limit my access.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 5 5
Year 2 6 5
Year 3 6 5
Year 5 6 5
Year 10 7 5
Year 20 7 5

Software Developer (Austin, TX)

Age: 29 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 10.0 years

Commonness: 11/20

Statement of Opinion:

  • If my employer opts to offer childcare, it would be financially liberating.
  • I'm a bit skeptical about how widespread the impact will be for urban-centered tech firms.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 6
Year 2 7 6
Year 3 8 6
Year 5 8 5
Year 10 8 5
Year 20 8 5

Nurse (Rural Kansas)

Age: 38 | Gender: female

Wellbeing Before Policy: 4

Duration of Impact: 20.0 years

Commonness: 13/20

Statement of Opinion:

  • This policy might finally give us reliable local childcare options, essential for staying in my job.
  • Finding quality local childcare has always been a struggle.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 4
Year 2 7 4
Year 3 8 4
Year 5 8 3
Year 10 8 3
Year 20 8 3

Retail Worker (Chicago, IL)

Age: 41 | Gender: male

Wellbeing Before Policy: 7

Duration of Impact: 0.0 years

Commonness: 15/20

Statement of Opinion:

  • I won't be affected by this policy, as I don't have kids and my employer likely won't participate.
  • It's good for those who need it, though it seems limited in scope.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 7 7
Year 3 7 7
Year 5 7 7
Year 10 7 7
Year 20 7 7

Freelance Graphic Designer (Portland, OR)

Age: 27 | Gender: other

Wellbeing Before Policy: 8

Duration of Impact: 0.0 years

Commonness: 9/20

Statement of Opinion:

  • As a freelancer, this policy won't directly influence my situation, since I'm not technically an employee.
  • I do think it provides a needed option for small business communities.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 8
Year 2 8 8
Year 3 8 8
Year 5 8 8
Year 10 8 8
Year 20 8 8

Cafeteria Worker (Charlotte, NC)

Age: 52 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 5.0 years

Commonness: 8/20

Statement of Opinion:

  • I'm past needing childcare personally, but I support it for coworkers who struggle with the balance.
  • This seems like a small step toward a bigger solution need.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 6 6
Year 3 6 6
Year 5 6 6
Year 10 6 6
Year 20 6 6

Construction Worker (Miami, FL)

Age: 36 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 10.0 years

Commonness: 10/20

Statement of Opinion:

  • If my employer decides to provide childcare, it would significantly ease the financial and scheduling burden on my family.
  • Currently, we're dealing with high costs and inflexible options.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 7 5
Year 3 7 5
Year 5 8 4
Year 10 8 4
Year 20 8 4

Cost Estimates

Year 1: $3000000 (Low: $2000000, High: $4000000)

Year 2: $3200000 (Low: $2100000, High: $4300000)

Year 3: $3400000 (Low: $2300000, High: $4600000)

Year 5: $3800000 (Low: $2600000, High: $5100000)

Year 10: $4400000 (Low: $3000000, High: $6000000)

Year 100: $6400000 (Low: $4300000, High: $8700000)

Key Considerations