The proposed bill, titled the "Rhode Island Early Educator Compensation Stabilization Act," aims to address the challenges faced by early educators in Rhode Island, particularly concerning their low wages and the need for better workforce development. The bill introduces a new chapter, CHAPTER 117, into Title 16 of the General Laws, which outlines the legislative findings that emphasize the importance of nurturing care and education for young children's development. It highlights the struggles of early educators, including financial insecurity and the high turnover rates in the profession, while also acknowledging the need for compensation and qualifications that are comparable to those of K-12 teachers.

To support early educators, the bill mandates collaboration between the departments of human services and education to allocate sufficient funds for various programs, including the Rhode Island T.E.A.C.H. early childhood program, registered apprenticeships, and the Child Care WAGE$ program. It specifies a minimum funding requirement of $2.5 million for the Child Care WAGE$ program and outlines a retention bonus of $750 every three months for eligible educators. The act is designed to take effect upon passage, reinforcing the state's commitment to improving the early education workforce and ensuring that qualified educators are retained in licensed child care and early learning programs.