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[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7410 Introduced in House (IH)]

<DOC>

118th CONGRESS
  2d Session
                                H. R. 7410

  To amend part A of title IV of the Social Security Act to establish 
deadlines for the obligation and expenditure of funds and allow States 
   to establish rainy day funds under the program of block grants to 
          States for temporary assistance for needy families.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                           February 20, 2024

  Mr. Carey introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL

 
  To amend part A of title IV of the Social Security Act to establish 
deadlines for the obligation and expenditure of funds and allow States 
   to establish rainy day funds under the program of block grants to 
          States for temporary assistance for needy families.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Improve Transparency and Stability 
for Families and Children Act''.

SEC. 2. DEADLINES FOR THE OBLIGATION AND EXPENDITURE OF FUNDS.

    (a) In General.--Section 404(e) of the Social Security Act (42 
U.S.C. 604(e)) is amended to read as follows:
    ``(e) Deadlines for Obligation and Expenditure of Funds by 
States.--
            ``(1) In general.--Except as provided in paragraph (2), a 
        State to which funds are paid, after the effective date of this 
        subsection, under section 403(a)(1) for a fiscal year shall 
        obligate the funds not later than the end of the succeeding 
        fiscal year, and shall expend the funds not later than the end 
        of the 2nd succeeding fiscal year.
            ``(2) Exception for limited amount of funds set aside for 
        future use.--
                    ``(A) In general.--Notwithstanding paragraph (1) of 
                this subsection, a State to which funds are paid under 
                section 403(a)(1), after the effective date of this 
                subsection, for a fiscal year may reserve not more than 
                15 percent of the funds for future use in the State 
                program funded under this part, subject to subparagraph 
                (B) of this paragraph.
                    ``(B) Limitation.--The total amount held in reserve 
                by a State under subparagraph (A) of this paragraph 
                shall not exceed an amount equal to 50 percent of the 
                total amount paid to the State under section 403(a)(1) 
                for the then preceding fiscal year.
                    ``(C) Notice of intent to reserve funds.--A State 
                that intends to reserve funds under subparagraph (A) 
                shall notify the Secretary of the intention not later 
                than the end of the period in which the funds are 
                available for obligation without regard to subparagraph 
                (A) of this paragraph.''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
take effect on October 1, 2025.

SEC. 3. TWO-YEAR REAUTHORIZATION OF THE TEMPORARY ASSISTANCE FOR NEEDY 
              FAMILIES PROGRAM.

    Activities authorized by part A of title IV (other than under 
section 403(c) or 418) and section 1108(b) of the Social Security Act 
shall continue through September 30, 2026, in the manner authorized for 
fiscal year 2023, and out of any money in the Treasury of the United 
States not otherwise appropriated, there are hereby appropriated such 
sums as may be necessary for such purpose.
                                 <all>
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