Improve Transparency and Stability for Families and Children Act

This bill sets new deadlines for states to spend federal funds under the Temporary Assistance for Needy Families (TANF) program. States must obligate funds by the end of the next fiscal year and fully spend them by the end of the second following year, with a limited exception allowing up to 15% of annual funds to be reserved (capped at 50% of the prior year's total). It also extends the current TANF program authorization through September 30, 2026, maintaining 2023 funding levels without new appropriations. The bill directly affects state agencies managing TANF, requiring clearer timelines for fund use while preserving program continuity.