S. 2921: To amend section 7014 of the Elementary and Secondary Education Act of 1965 to advance tow… (119th Congress) Bill Summary

This bill proposes changes to the funding structure of the Elementary and Secondary Education Act of 1965, specifically focusing on federal impact aid. The main goals of the bill are to increase the authorized funding amounts for multiple categories of impact aid over several fiscal years.

Key Provisions of the Bill

Amendment to Section 7014: The bill aims to amend Section 7014 of the Elementary and Secondary Education Act. This includes striking existing funding provisions and replacing them with new proposed amounts.
Increased Funding Amounts: The bill lays out specific amounts that are authorized to be appropriated for various purposes in each fiscal year from 2026 to 2031. The funding is broken down into several categories:

Payments for Federal Acquisition of Real Property:
- $90.3 million for 2026
- $102.3 million for 2027
- $114.3 million for 2028
- $126.3 million for 2029
- $138.3 million for 2030
- $150.3 million for 2031
Basic Payments; Payments for Heavily Impacted Local Educational Agencies:
- $1.632 billion for 2026
- $1.797 billion for 2027
- $1.961 billion for 2028
- $2.125 billion for 2029
- $2.289 billion for 2030
- $2.454 billion for 2031
Payments for Children with Disabilities:
- $60.3 million for 2026
- $72.3 million for 2027
- $84.3 million for 2028
- $96.3 million for 2029
- $108.3 million for 2030
- $120.3 million for 2031
Construction:
- $22.9 million for 2026
- $27.4 million for 2027
- $31.9 million for 2028
- $36.4 million for 2029
- $40.9 million for 2030
- $45.4 million for 2031

Overall, this bill is designed to progressively increase federal funding for different specified purposes related to education over the next several years, particularly to support local educational agencies and enhance provisions for children with disabilities.