US HB7340

Rebuild America's Schools Act of 2026 (H.R. 7340)

• Authorizes $20 billion annually for fiscal years 2027-2031 in grants to states for long-term public school facility improvements, with funds allocated based on Title I funding distributions and priority given to high-poverty districts with the greatest infrastructure needs

• Creates new school infrastructure bonds with a national limit of $10 billion annually for 2027-2029, restores qualified zone academy bonds at $1.4 billion per year, and provides 100% tax credits to bondholders on interest payments

• Requires grant recipients to use American-made iron, steel, and manufactured products, meet energy conservation and green building standards, and prohibits funds for for-profit charter school operators or routine maintenance

• Establishes an Office of School Infrastructure and Sustainability within the Department of Education, mandates state databases tracking school facility conditions, and requires 10-year facilities master plans from funded districts

• Increases Impact Aid construction funding to $100 million annually for 2027-2031 and creates a separate grant program for schools with foundations damaged by pyrrhotite, with 50% federal and 40% state cost-sharing requirements