This legislation aims to alleviate the national shortage of qualified nursing faculty by establishing a new demonstration program. It authorizes the Secretary of Health and Human Services to award grants to accredited schools of nursing to supplement the salaries of eligible faculty members. The core purpose of the program is to enhance the recruitment and retention of nursing faculty by addressing the wage differential between clinical practice and academic roles. Grants will provide annual salary supplements for up to three years, covering the difference between the average clinical nurse salary and the faculty member's current or average faculty salary for similar qualifications. To receive a grant, schools must provide detailed salary data, faculty vacancy projections, and plans for sustaining faculty salaries after the grant period. Priority will be given to schools demonstrating the greatest need, those serving vulnerable patient populations or located in health professional shortage areas, and those recruiting faculty from underrepresented populations. The bill defines an eligible nursing faculty member as someone recently hired or prospective, currently employed, who previously worked as a clinical nurse or faculty at another institution. The Secretary is mandated to report to Congress within three years on the program's impact on faculty recruitment and retention, with $15,000,000 authorized annually from fiscal years 2027 through 2031.