Child Care Stabilization Act: $16 Billion Annually to Boost Affordability and Access.
This bill appropriates $16 billion annually for five years (FY 2024-2028) to stabilize the child care sector through direct grants to providers. The primary goal is to make child care more accessible and affordable for working families by offsetting provider operating costs. This funding is intended to support higher wages for child care staff without increasing the fees paid by parents.
Key points
$16 billion is allocated yearly through 2028 to fund child care stabilization grants for providers nationwide to cover operating expenses.
The grants aim to stabilize the workforce by supporting sustained and increased wages for educators without raising costs for families.
The law focuses on expanding the supply of care, especially for infants, toddlers, children with disabilities, and in rural or non-traditional hours settings.
Expired
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