Improve Transparency and Stability for Families and Children Act
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Summary
This bill amends the Temporary Assistance for Needy Families (TANF) program to establish deadlines for states to obligate and expend federal block grant funds. States would be required to obligate funds within one year and expend them within two years of receipt, with an exception allowing states to reserve up to 15 percent of annual funds (capped at 50 percent of the prior year's allocation) for future use if they notify the federal government of their intent.
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