What is the official ID of this bill?
The official print number for this legislation is HR 7410.
Enhanced Transparency and Stability for Families: New Funding Rules for Assistance
This act introduces new rules for how federal funds for Temporary Assistance for Needy Families (TANF) are used. States will have specific deadlines to spend these funds but will also gain the ability to set aside a portion for future needs, potentially providing greater stability for support programs. Additionally, the TANF program is reauthorized for another two years, ensuring continued support for families.
Key points
States must spend federal funds for family assistance within two years of receipt, aiming to increase efficiency in fund utilization.
States can reserve up to 15% of annual TANF funds for future use, creating a "rainy day fund" for family support programs.
The total amount a state can reserve cannot exceed 50% of the funds received in the prior year, balancing flexibility with responsible fund management.
The Temporary Assistance for Needy Families (TANF) program is reauthorized until September 30, 2026, ensuring continuity of financial support for families.
These changes will take effect on October 1, 2025, allowing states time to adapt to the new regulations.
Status:
Expired
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