The "Future Advancement of Academic Nursing Act" (FAAN Act) proposes to amend the Public Health Service Act by authorizing the Secretary of Health and Human Services to award grants to schools of nursing. The primary goals of these grants are to address critical nursing workforce shortages by increasing the number of nursing students and faculty, enhance the nation's preparedness for public health emergencies, and modernize nursing education programs. This initiative seeks to strengthen the overall capacity and quality of nursing education across the United States. In awarding these grants, the Secretary is directed to give priority to schools of nursing located in or preparing students to practice in medically underserved areas , health professional shortage areas , or rural areas . Additionally, institutions of higher education listed under section 371(a) of the Higher Education Act of 1965, which include minority-serving institutions, will receive priority. The bill also emphasizes equitable geographic distribution of awards to ensure broad impact. Grant funds can be utilized for a wide range of activities designed to bolster nursing education. These include enhancing student enrollment and retention, with a specific focus on individuals from disadvantaged backgrounds , underrepresented racial or ethnic groups, and first-generation college students. Funds can also support retaining current faculty and hiring new faculty, particularly those from underrepresented groups, and fostering partnerships with healthcare facilities to expand clinical education opportunities. Further uses of funds include modernizing school infrastructure, such as acquiring advanced simulation equipment and telehealth technologies, and developing or updating educational programs and curricula. The bill also supports expanding programs that prepare nurse researchers and scientists, and establishing nurse-led educational partnerships. To ensure accountability, grant recipients must submit annual reports, and the Secretary is required to provide a comprehensive report to Congress within five years detailing the grants' outcomes and impact. The bill authorizes an appropriation of $1,000,000,000 to carry out these provisions.