Sec. 206. Nurse faculty loan program

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Section 846A of the Public Health Service Act ( 42 U.S.C. 297n–1 ), as amended by section 207, is amended by inserting after subsection

(b)the following: To carry out this section (other than subsection (d)), in addition to amounts otherwise made available, including under section 871(b) and paragraph (2), there are authorized to be appropriated $28,500,000 for each of fiscal years 2024 through 2026, to remain available until expended. There is established in the Treasury an account, to be known as the Account to Address the Nurse Faculty Shortage (referred to in this paragraph as the Account ), for purposes of carrying out this section (other than subsection (d)) in addition to amounts otherwise made available, including under section 871(b) and paragraph (1). The Secretary of the Treasury shall transfer, from the general fund of the Treasury, to the Account $57,000,000 for each of fiscal years 2024 through 2026. Any amounts transferred under clause

(i)shall remain unavailable in the Account until such amounts are appropriated pursuant to subparagraph (C). For each of fiscal years 2024 through 2026, there is authorized to be appropriated from the Account to the Secretary, for the purpose of carrying out the activities under this section, in addition to amounts otherwise made available for such purpose, an amount not to exceed the total amount transferred to the Account under subparagraph (B)(i). For any of fiscal years 2024 through 2026, for any discretionary appropriation under the heading Account to Address the Nurse Faculty Shortage provided to the Secretary pursuant to the authorization of appropriations under clause

(i)for an additional amount for carrying out this section, the total amount of such appropriations for the applicable fiscal year (not to exceed the total amount remaining in the Account) shall be subtracted from the estimate of discretionary budget authority and the resulting outlays for any estimate under the Congressional Budget and Impoundment Control Act of 1974 or the Balanced Budget and Emergency Deficit Control Act of 1985, and the amount transferred to the Account shall be reduced by the same amount. Not later than October 1 of fiscal years 2025 through 2027, the Secretary shall submit to the Committee on Health, Education, Labor, and Pensions and the Committee on Appropriations of the Senate and the Committee on Energy and Commerce and the Committee on Appropriations of the House of Representatives, a report including a description of any use of funds provided pursuant to the authorization of appropriations under subparagraph (C). Notwithstanding any transfer authority authorized by this paragraph or any appropriations Act, any funds made available pursuant to the authorization of appropriations under subparagraph

(C)may not be used for any purpose other than the program under this section. Amounts remaining unappropriated in the Account under this paragraph shall be transferred back to the general fund of the Treasury on October 1, 2026. .

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42 USC 297n–1

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Sec. 206

Nurse faculty loan program

Cite42 USC 297n–1

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