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SECTION 1. SHORT TITLE.

This Act may be cited as the ''Child Care Investment Act of 2008''.

SEC. 2. FUNDING FOR CHILD CARE.

(a) Main Program.--Section 418 of the Social Security Act (42
U.S.C. 618) is amended--
(1) in subsection (a)--
(A) in paragraph (3)--
(i) in the matter preceding subparagraph
(A), by striking ''section'' and inserting
''subsection'';
(ii) in subparagraph (G), by striking
''2010.'' and inserting ''2008; and''; and
(iii) by adding at the end the following:
''(H) $3,717,000,000 for each of fiscal years 2009
though 2014.''; and
(2) in subsection (b)--
(A) by striking all that precedes paragraph (1) and
inserting the following:
''(6) Use of funds.--'';
(B) by redesignating paragraphs (1) and (2) as
subparagraphs (A) and (B), respectively, and aligning
the margins of those subparagraphs with the margins of
section 418(a)(2)(C) of that Act;
(C) by striking ''this section'' each place it
appears and inserting ''this subsection''; and
(D) by striking ''subsection (a)(1)'' and inserting
''paragraph (1)''.
(b) Quality Initiatives.--Section 418 of the Social Security Act,
as amended by subsection (a), is further amended by inserting after
subsection (a) the following:
''(b) Quality Initiatives.--
''(1) Appropriation.--In addition to amounts appropriated
under subsection (a), there is appropriated to carry out this
subsection $300,000,000 for each of fiscal years 2009 through
2014.
''(2) Allotment.--The Secretary shall use the funds
appropriated under paragraph (1) to make grants to eligible
States, through allotments made to those States on the basis of
the formula described in subsection (a)(2)(B).
''(3) Application.--To be eligible to receive a grant under
this subsection, a State shall submit an application to the
Secretary at such time, in such manner, and containing such
information as the Secretary may require, including an
assurance that the State will use the grant funds as described
in paragraph (4).
''(4) Use of funds.--A State that receives a grant under
this subsection shall use the grant funds to carry out 2 or
more activities consisting of--
''(A) establishing and implementing, or
maintaining, a Quality Rating and Improvement System
for center-based child care providers, group home child
care providers, family child care providers, and other
early childhood education providers, as determined by
the State, which shall--
''(i) include criteria appropriate for
providers for each age group of the children
involved, with initial and progressively higher
levels that lead to standards that are
consistent with nationally recognized high
standards; and
''(ii) provides assistance for education,
training, and compensation initiatives to
assist child care providers in meeting the
initial and progressively higher levels for the
criteria;
''(B) establishing and supporting a statewide
network of infant and toddler specialists to provide
individual or group training, and intensive
consultation, to center-based child care providers,
group home child care providers, family child care
providers, and relative caregivers on strategies to
improve the quality of care for infants and toddlers,
especially infants and toddlers in families who are
eligible for federally funded child care assistance;
''(C) establishing and implementing standards that
require at least 40 hours of appropriate health,
safety, and child development training for an
individual, prior to employment with or as a licensed
or registered child care provider;
''(D) establishing and implementing requirements
that licensed or registered center-based child care
providers, group home child care providers, and family
child care providers are visited by monitoring staff at
least twice a year, with a minimum of 1 such visit a
year on an unannounced basis; and
''(E) paying reimbursement rates, for providers of
child care services for which financial assistance is
made available under the Child Care and Development
Block Grant Act of 1990 (42 U.S.C. 9858 et seq.), at or
above the 75th percentile of market rates for such
services as determined by a current (as of the date of
the payment) market rate survey.''.
Child Care Investment Act of 2008 - Amends part A (Temporary Assistance for Needy Families) of title IV of the Social Security Act to increase appropriations for child care assistance grants for FY2009-FY2014.

Makes appropriations for FY2009-FY2014 for grants to states to establish: (1) a Quality Rating and Improvement System (or maintain such a system) for center-based child care providers, group home child care providers, family child care providers, and other early childhood education providers; (2) a statewide network of infant and toddler specialists to train such providers; (3) standards that require at least 40 hours of appropriate health, safety, and child development training for an individual before employment with or as a licensed or registered child care provider; and (4) requirements that licensed or registered providers are visited by monitoring staff at least twice a year.

Requires the use of such appropriations also to pay reimbursement rates at or above the 75th percentile of market rates for providers of child care services assisted under the Child Care and Development Block Grant Act of 1990.