Nurse Faculty Shortage Reduction Act of 2023

This bill creates a federal grant program to help nursing schools address faculty shortages by supplementing faculty salaries. Nursing schools can apply for grants to pay faculty members up to the difference between their current salary and the average salary of nurses working in clinical settings (adjusted for inflation), for up to three years. The program requires schools to submit detailed salary data and plans for sustaining higher pay after the grant ends, with $28.5 million authorized annually from 2024-2028. It directly affects nursing schools and faculty members, aiming to make teaching roles more competitive with hospital jobs.