The Rebuild America's Schools Act of 2026 is a major federal investment program designed to fix and improve public school buildings across the country. The bill authorizes $20 billion per year from 2027 through 2031 to help states and local school districts repair aging facilities, upgrade infrastructure, and build new schools—with a focus on helping the poorest communities first.

Here's how it works: The federal government gives money to states, which then award grants to local school districts that need it most. Priority goes to districts serving high percentages of low-income students and those with the least ability to raise their own money through bonds or taxes. School districts that receive grants must create a 10-year master plan for their facilities, identifying problems like outdated heating systems, lead in water, poor air quality, and structural issues. States must also create a public database listing the condition of every school building in the state so everyone can see what needs fixing.

The bill emphasizes equity and community input—school districts must consult with teachers, parents, students, and community members when planning improvements. It also encourages energy-efficient and climate-resilient construction, with states incentivized to increase the number of schools that generate their own renewable energy. Additionally, the bill revives and expands tax incentive programs (qualified zone academy bonds and school infrastructure bonds) that allow investors to help fund school construction projects while receiving tax credits.