Children: child care; adjustments of reimbursements under the child development care program for inflation; require. Creates new act.

The bill was renumbered from an introduced version to a Senate substitute, and the effective date for inflation adjustments was significantly delayed. Originally, reimbursements were to begin adjusting 90 days after the act's passage, but the new version delays the first adjustment until October 1, 2027. Additionally, the new text introduces a condition that payment rates will only increase if the calculated inflation rate is positive and if the federal government has not already adjusted rates under a specific federal regulation.