Reinforcing Education Accountability in Development Act or the READ Act This bill amends the Foreign Assistance Act of 1961 to state that it shall be U.S. policy to work with partner countries, other donors, multilateral institutions, the private sector, and nongovernmental and civil society organizations (including faith-based organizations) to promote basic education through programs that: (1) respond to the needs and capacities of developing countries to improve literacy and other basic skills; (2) strengthen educational systems, expand access to safe learning environments (including by breaking down barriers to basic education for women and girls), and support the engagement of parents in their children's education; (3) promote education as a foundation for economic growth; and (4) monitor and evaluate the effectiveness and quality of basic education programs in partner countries. The President shall: (1) seek to improve the effectiveness of assistance by coordinating relevant executive branch efforts, (2) ensure that assistance is aligned with U.S. foreign policy and economic interests, and (3) submit to Congress by October 1, 2017, a comprehensive FY2018 through FY2022 strategy to promote basic education in partner countries. The bill establishes within the U.S. Agency for International Development the position of Senior Coordinator of United States International Basic Education Assistance, who shall have primary responsibility for the oversight and coordination of U.S. government resources and activities relating to the promotion of international basic education.