[Congressional Record Volume 152, Number 47 (Wednesday, April 26, 2006)]
[Extensions of Remarks]
[Page E615]
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

                       Wednesday, April 26, 2006

  Mrs. MALONEY. Mr. Speaker, today I am again re-introducing 
legislation 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, 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.
  I have introduced this legislation in several past Congresses but the 
need for it has only grown more acute. I urge my colleagues to consider 
the proposal and join me in enacting it this year.

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