MAGNET Act

The MAGNET Act (H.R. 10427) was introduced on September 16, 2026, by Rep. Joe Courtney (D-CT) and referred to the House Committee on Education and Workforce. The bill amends the Elementary and Secondary Education Act to expand the Magnet Schools Assistance Program, which provides grants to support magnet schools that promote racial and socioeconomic integration. The bill's findings cite studies on the academic benefits of integrated schools and GAO data on segregation. As an authorization bill, it sets spending ceilings but does not allocate actual funds; an appropriations bill would be required for funding. The bill is in the early legislative stage with no committee hearings or markup scheduled. Given the early stage and lack of appropriation, there is no near-term market impact. The affected sector is Education, but no publicly traded pure-play companies exist in K-12 education that would be directly and measurably impacted. The bill's impact would be on school districts and non-profits, not public companies. Historical precedent shows similar education authorization bills rarely move without broader bipartisan support. The legislative path includes committee consideration, potential amendments, and floor votes in both chambers. No tickers meet the confidence threshold for inclusion.