This bill establishes a federal pilot program designed to share the costs of child care among employers, employees, and government entities. The program aims to enhance the affordability and accessibility of quality child care services for working families by distributing the financial burden. It seeks to address unmet demand for affordable child care and improve employee retention. Under this initiative, eligible child care costs for an eligible child are divided equally, with one-third paid by the parent, one-third by their participating employer, and one-third by a state lead agency . States can apply for competitive grants from the Secretary of Health and Human Services, providing details on employer participation and certifying that child care providers meet health and safety standards. Grant applications are evaluated based on the state's unmet demand for affordable child care, its capacity to meet that demand, and its ability to ensure equitable statewide access. The federal grant amount for states is capped at $20,000,000 annually, with a maximum of 10% of funds allocated for administrative expenses. Once employers are approved to participate, parents of eligible children can apply for benefits, attesting that both they and their employer will cover their respective one-third shares. The lead agency directly pays the child care provider, and then the parent and employer jointly reimburse the lead agency for two-thirds of the total cost, with employers potentially withholding the parent's share from their pay. The pilot program is authorized for a 3-year period , with an annual appropriation of $250,000,000. It mandates a comprehensive evaluation of its cost-effectiveness and its impact on employment, employee retention, and child care affordability and access. Unobligated funds from the program will be transferred to the preschool development grants program, and the Secretary is required to report the evaluation findings to Congress.