Child Poverty Reduction Act of 2023

The Child Poverty Reduction Act of 2023 establishes a national goal to cut child poverty in half within five years by creating a standardized measurement system. It mandates the U.S. Census Bureau to track an "anchored" Supplemental Poverty Measure for children annually, adjusting for inflation using the Consumer Price Index, and requires the Department of Health and Human Services to publish annual reports analyzing how federal policies affect this measure - including impacts on deep poverty and racial disparities. The bill also creates a public clearinghouse on the HHS website to host these reports, the poverty measure data, and related resources. It authorizes specific funding limits ($2 million for data development, $1.2 million for initial reports) but does not create new direct aid programs.