Improve Transparency and Stability for Families and Children Act

Bill 119 hr 2359, also known as the "Block Grants for TANF Accountability Act," aims to make changes to the Temporary Assistance for Needy Families (TANF) program under part A of title IV of the Social Security Act. The main goal of this bill is to establish deadlines for states to obligate and spend TANF funds, as well as to allow states to create rainy day funds within the program.

The bill would require states to obligate at least 90% of their TANF funds within two years of receiving them, and to spend at least 80% of the funds within four years. This is intended to ensure that states are using the funds in a timely manner to support families in need.

Additionally, the bill would allow states to set aside a portion of their TANF funds in a rainy day fund, which could be used during times of economic downturn or other emergencies. This would provide states with more flexibility in how they use their TANF funds, and could help to ensure that families continue to receive support even in challenging times. Overall, the Block Grants for TANF Accountability Act seeks to improve the accountability and effectiveness of the TANF program, while also giving states more flexibility in how they use the funds to support families in need.