On April 16th, President Obama signed into law the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA), now Public Law 114-10, which provides new federal funding for the Children’s Health Insurance Program (CHIP) through 2017 and permanently adjusts the flawed Medicare physician payment formula to prevent cuts in reimbursements to Medicare providers. It also extends other funding programs important to low-income families, including home visiting programs and Transitional Medical Assistance (TMA). This brief summarizes the provisions related to CHIP as well as extensions impacting children in low-income families.