Informed Electorate Act This bill reauthorizes through FY2027 and otherwise revises the American History for Freedom grant program. In particular, the bill allows eligible institutions of higher education to use grant funds to establish academic centers or programs that promote the importance of civic engagement and the First Amendment to the Constitution. The bill prohibits the use of grant funds to promote, endorse, teach, or distribute material related to (1) the 1619 Project, which is an initiative that addresses the beginning of slavery in the United States; or (2) critical race theory.