We have received text from H.R. 7794: Stop Child Care Funding Fraud Act of 2026. This bill was received on 2026-03-04, and currently has 1 cosponsor.
Here is a short summary of the bill:
This bill, titled the
Stop Child Care Funding Fraud Act of 2026
, aims to amend the Child Care and Development Block Grant Act of 1990 to improve transparency and accountability in how Federal child care funds are administered by the States. The main features of the bill include:
State Reports and Audits
- States are required to submit a report by June 30 for each program period that details the rate of improper payments made with Federal child care funds and describes the measures they will take to reduce this rate in the future.
Incentive Penalties to Reduce Improper Payments
If a State reports a rate of improper payments that meets certain thresholds, the following penalties may apply:
- If the rate exceeds 6% but is less than 8%: The State’s funding will be reduced by 5% for future periods.
- If the rate is at least 8% but less than 10%: The funding will be reduced by 10% for subsequent periods.
- If the rate equals or exceeds 10%: The funding will be reduced by 15% until the State implements a corrective action plan that is approved by the Secretary.
State Corrective Action Plans
For any reporting period where the improper payment rate exceeds 6%, States must:
- Submit a corrective action plan within 60 days, aiming to lower the improper payment rate to no more than 6%. This plan should include verified child attendance documentation for subsidized services.
Definition of Improper Payments
The bill defines
improper payments
as any payments made under the act that do not comply with its regulations, which can include:
- Overpayments for services.
- Underpayments for services.
- Payments for services to ineligible children.
- Payments that cannot be verified to comply with the act.
Report by Secretary
The Secretary of Health and Human Services is required to issue a report that includes:
- A breakdown of improper payment rates by State.
- Details of actions each State has taken to address its improper payment rates.
Effective Date
The amendments outlined in this bill will take effect one year after the bill is enacted.
Relevant Companies
None found
Representative Mike Kennedy Bill Proposals
Here are some bills which have recently been proposed by Representative Mike Kennedy:
- H.R.7831: License to Drill Act
- H.R.7794: Stop Child Care Funding Fraud Act of 2026
- H.R.7578: To improve the ability of the Secretary of Agriculture and the Secretary of the Interior to carry out forest management activities that reduce the risk of catastrophic wildfires, and for other purposes.
- H.R.6491: Streamline Transit Projects Act
- H.R.6447: CCP IP Act
- H.R.6399: To direct the United States Postal Service to designate a single, unique ZIP Code for Highland City, Utah.
You can track bills proposed by Representative Mike Kennedy on Quiver Quantitative's politician page for Kennedy.
Representative Mike Kennedy Net Worth
Quiver Quantitative estimates that Representative Mike Kennedy is worth $1.5M, as of March 22nd, 2026. This is the 289th highest net worth in Congress, per our live estimates.
Kennedy has approximately $30.8K invested in publicly traded assets which Quiver is able to track live.
You can track Representative Mike Kennedy's net worth on Quiver Quantitative's politician page for Kennedy.
Representative Mike Kennedy Stock Trading
We have data on up to $15.0K of trades from Representative Mike Kennedy, which we parsed from STOCK Act filings. Some of the largest trades include:
- A May 9th, 2025 purchase of up to $15K of $BRK.B. The stock has fallen 6.38% since then.
You can track Representative Mike Kennedy's stock trading on Quiver Quantitative's politician page for Kennedy.
2026 Utah's 3rd Congressional District Election
There has been approximately $3,864,656 of spending in Utah's 3rd congressional district elections over the last two years, per our estimates.
Approximately $112,355 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:
- EDF ACTION VOTES ($101,312)
- CONSTITUTIONAL CONSERVATIVES FUND ($10,995)
The rating for this race is currently "Solid R".
You can track this election on our matchup page for the 2026 Utah's 3rd congressional district election.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
