Human Services, Dept. of - As enacted, enacts the "Promising Futures Act." - Amends TCA Title 4; Title 43; Title 49; Title 57; Title 67 and Title 71.

SB 2062, the "Promising Futures Act," creates a dedicated fund using revenues from taxes on vapor and hemp-derived cannabinoid products to support child care assistance programs. The fund finances three specific initiatives: a scholarship program providing free child care for children of licensed child care workers (with $5 million allocated over three years), an employer-supported program called CareShare Tennessee (also $5 million over three years), and a supplemental program if funds remain. These programs aim to strengthen the child care workforce, expand access for working families ineligible for current subsidies, and support employer partnerships. The bill explicitly prohibits using fund money for tax collection or enforcement, ensuring dedicated use for child care assistance.