What does SHORT TITLE. of Improve Transparency and Stability for Families and Children Act do?

This Act is formally titled the 'Improve Transparency and Stability for Families and Children Act'.

What does DEADLINES FOR THE OBLIGATION AND EXPENDITURE OF FUNDS. of Improve Transparency and Stability for Families and Children Act do?

This section amends Section 404(e) of the Social Security Act. States receiving funds under section 403(a)(1) must obligate those funds by the end of the succeeding fiscal year and expend them by the end of the second succeeding fiscal year. States may reserve up to 15 percent of funds for future use in the state program. The total amount a state can hold in reserve is capped at 50 percent of the funds received in the preceding fiscal year. States intending to reserve funds must notify the Secretary. The amendment takes effect on October 1, 2026.

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Improve Transparency and Stability for Families and Children Act

Q: What does Preamble of Improve Transparency and Stability for Families and Children Act do?

This bill proposes to amend part A of title IV of the Social Security Act. The proposed amendment aims to establish deadlines for the obligation and expenditure of funds. It would also allow States to establish 'rainy day funds' within the program of block grants to States for temporary assistance for needy families.

Last updated: 3/26/2025 · Introduced: 3/26/2025

Author: Mike Carey (R-OH)

TL;DR (AI)

States receiving Temporary Assistance for Needy Families (TANF) block grant funds must obligate those funds by the end of the following fiscal year and expend them by the end of the second succeeding fiscal year.
States can establish 'rainy day funds' to reserve up to 15 percent of TANF funds, with a cap of 50 percent of the previous year's allocation.
States intending to reserve TANF funds must notify the Secretary, and these changes will take effect on October 1, 2026.

119th Congressin committeeOfficial page

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Includes provisions on preamble, short title., and 1 more.

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