A bill to amend section 7014 of the Elementary and Secondary Education Act of 1965 to advance toward full Federal funding for impact aid, and for other purposes.

This bill amends the Elementary and Secondary Education Act to increase annual federal funding for impact aid programs. It sets specific, rising funding amounts for four key areas: payments to school districts affected by federal property use ($90.3M in 2024, growing to $150.3M by 2029), basic payments to local school districts ($1.63B in 2024, growing to $2.45B by 2029), payments for children with disabilities ($60.3M in 2024, growing to $120.3M by 2029), and school construction grants ($22.9M in 2024, growing to $45.4M by 2029). These funds directly support school districts facing financial impacts from federal land ownership or operations. The bill advances toward full federal funding for these established programs by authorizing increased annual appropriations through 2029.