[Congressional Record Volume 148, Number 105 (Monday, July 29, 2002)]
[Extensions of Remarks]
[Page E1427]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




       INTRODUCTION OF THE CHILDREN'S DEVELOPMENT COMMISSION ACT

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                        HON. CAROLYN B. MALONEY

                              of new york

                    in the house of representatives

                         Friday, July 26, 2002

  Mrs. MALONEY of New York. Mr. Speaker, today I am reintroducing 
legislation (H.R. 1112, 106th Congress) that is intended to help solve 
the shortage of available, affordable child care facilities. In my 
congressional district in New York City, more than half of all women 
with pre-school children are in the workforce and the need for child 
care is enormous. This is not a local problem but one that is national 
in nature.
  The ``Children's Development Commission Act'' or ``Kiddie Mac,'' 
(H.R. 1112, 106th), will address this problem by authorizing HUD to 
issue guarantees to lenders who are willing to lend money to build or 
rehabilitate child care facilities. It also creates the Children's 
Development Commission which will certify the loans and create federal 
child care standards. Kiddie Mac will also give ``micro-loans'' to 
facilities which need to make the necessary changes to come up to 
licensing standards, as well as provide them with lower cost fire and 
liability insurance. Through some of the premiums paid by the lenders, 
a non-profit foundation will be formed which would focus on research on 
child care and development, as well as create educational materials to 
guide potential providers through the certification process.
  It is late in the session but I urge my colleagues to consider the 
proposal and join me in enacting it this year or in a future Congress.

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