Rebuild America’s Schools Act of 2026
Current understanding
The Rebuild America’s Schools Act of 2026 is a comprehensive legislative package that would establish need-based federal grants for modernizing public K-12 school facilities, restore school infrastructure tax credit bonds, extend Impact Aid construction funding, and create a targeted program for pyrrhotite-damaged foundations. On the tax side, the bill’s principal lever is the restoration of tax-credit bonds that would provide federal subsidies to bondholders (or issuers) for school construction financing, shifting some cost of school capital projects from local property taxpayers to the federal government. Status: introduced.