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Committee debates limiting private equity access to early childhood endowment; concern home daycares could be sidelined
Summary
Lawmakers debated SB 266 (LCO 2432), which would restrict endowment funding to private equity entities. Supporters said the change would prioritize small, community providers and child‑care deserts; opponents warned the bill's wording could push home daycares to the back of the funding queue. The motion was moved to further action; votes were held open pending the public hearing.
The Children's Committee debated SB 266, LCO 2432, a bill that would limit access by "private equity entities" to funds from the Early Childhood Education Endowment. Proponents said the aim is to prioritize community‑rooted and small child‑care providers and to direct funds into child‑care deserts where institutional investors typically do not operate.
"The whole idea here behind this bill is to fund small businesses, to fund small providers, to grow child care in deserts, and to grow child care across Connecticut," the chair said while explaining substitute language that clarifies…
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