The American Rescue Plan’s (ARP) Child Care Stabilization program delivered historic support to over 225,000 child care programs serving as many as 10 million children across the country, helping keep their doors open for millions of working families who rely on them. A new report released by the President’s Council of Economic Advisers (CEA) provides evidence of this critical support: Saved families with young children who rely on paid child care approximately $1,250 per child per year by slowing the rise of child care prices; Helped hundreds of thousands of women with young children enter or re-enter the workforce more quickly, increasing the labor force participation and employment of mothers of young children by an additional 3 percentage points; Boosted the child care workforce and helped raise the real wages of child care workers, increasing the availability and reliability of child care options and ensuring the workers who take care of our children receive fairer pay. (author abstract)