"Fair Funding for Vulnerable Residents Act"; establishes direct care ratio requirement for certain providers of services to adults or children with intellectual or developmental disabilities.

The "Fair Funding for Vulnerable Residents Act" (S 3369) requires providers of community-based residential services for adults and children with intellectual or developmental disabilities to spend at least 70% of their state and federal funding directly on resident care, such as staff wages, community outings, and equipment. These providers must annually report how they allocate funding, including direct care costs, and publish this data publicly. If a provider fails to meet the 70% threshold, they must issue a credit to the state by June 30 of the following year to adjust administrative costs or profits. The Department of Human Services will oversee implementation and ensure compliance, with federal funds returned to federal agencies if applicable.