The Building Child Care for a Better Future Act would significantly increase federal funding for child care assistance and services. The bill provides $10 billion annually starting in fiscal year 2024 for the Child Care Entitlement to States program, with automatic annual adjustments for inflation, plus an additional $5 billion yearly for targeted grants to improve child care workforce quality, supply, and access in areas with the greatest need. These grants would support activities like helping providers secure facilities financing, offering workforce training and wage increases, establishing family child care networks, and serving high-need populations including infants, toddlers, dual language learners, and children with disabilities. States, territories, Indian tribes, and tribal organizations would administer the programs, and recipients would be required to maintain their existing child care spending levels to ensure federal funds supplement rather than replace state investment. The legislation takes effect October 1, 2023, and includes reporting requirements and independent evaluations to measure the impact on child care availability and quality.