‘‘(B) 
PUBLICATION.—The 
Commission 
shall issue regulations providing for the stand-
ards and requirements established under sub-
paragraph (A) to take effect, for purposes of 
sections 257(d)(2) and 223(h)(2)(B) and para-
graph (1)(B) of this section, not later than 18 
months after the date of the enactment of this 
section. 
‘‘(3) SMALL
PURPOSE
LOANS.—The Commis-
sion shall, to the extent amounts are made available 
for such purpose pursuant to subsection (i) and 
qualified requests are received, make loans, directly 
or indirectly to providers of child care and develop-
ment facilities for reconstruction or renovation of 
such facilities, subject to the following requirements: 
‘‘(A) Loans under this paragraph shall be 
made only for such facilities that are financially 
and operationally viable, as determined under 
standards and guidelines to be established by 
the Commission. 
‘‘(B) The aggregate amount of loans made 
under this paragraph to a single borrower may 
not exceed $50,000. 
‘‘(C) A loan made under this paragraph 
may not have a term exceeding 15 years. 
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‘‘(D) Loans under this paragraph shall 
bear interest at rates and be made under such 
other conditions and terms as the Commission 
shall provide. 
‘‘(4) NOTIFICATION.—The Commission shall 
take such actions as may be necessary to publicize 
the availability of the programs for mortgage insur-
ance under sections 257 and 223(h) and loans under 
paragraph (3) of this subsection in a manner that 
ensures that information concerning such programs 
will be available to child care providers throughout 
the United States. 
‘‘(5) TECHNICAL
ASSISTANCE.—The Commis-
sion shall make available, to mortgagors of mort-
gages insured under section 257 or 223(h) and to 
borrowers under paragraph (3) of this subsection, 
technical assistance and expertise in the business as-
pects of operating child care and development facili-
ties (including business planning and quality control 
assistance). The Commission shall provide such as-
sistance and expertise directly and in coordination 
with appropriate Federal agencies (including the De-
partment of Housing and Urban Development, the 
Department of Health and Human Services, the De-
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partment of Defense, and the Small Business Ad-
ministration), 
‘‘(6) LIABILITY INSURANCE.—The Commission 
shall— 
‘‘(A) not later than 12 months after the 
date on which appointment of initial member-
ship of the Commission is completed— 
‘‘(i) establish standards and guide-
lines, applicable to mortgage insurance 
under sections 257 and 223(h) and loans 
under paragraph (3) of this subsection, 
that require child care providers operating 
child care and development facilities as-
sisted under such provisions to obtain and 
maintain 
liability 
insurance 
in 
such 
amounts and subject to such requirements 
as the Commission considers appropriate; 
and 
‘‘(ii) submit a report to the Congress 
that analyzes the need for making financial 
and technical assistance available to such 
child care providers to identify and obtain 
liability insurance adequate to comply with 
such standards and guidelines, identifies 
appropriate methods of providing such as-
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sistance, sets forth a program for the Com-
mission to provide such technical assist-
ance, and makes recommendations for any 
legislation necessary to implement a pro-
gram to provide such appropriate financial 
assistance; and 
‘‘(B) beginning not later than the effective 
date of the standards and guidelines established 
under subparagraph (A)(i), carry out the tech-
nical assistance program set forth in the report 
under subparagraph (A)(ii). 
‘‘(7) RESEARCH FOUNDATION.—Not later than 
12 months after the date of the enactment of this 
section, the Commission shall submit a report to the 
Congress recommending a plan for establishing and 
funding a foundation that is an entity independent 
of the Commission (but which maintains association 
with the Commission)— 
‘‘(A) which shall have as its purpose— 
‘‘(i) to support research relating to 
child care and development facilities; 
‘‘(ii) to fund pilot programs to test in-
novative methods for improving child care; 
and 
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