This bill authorizes $1.02 billion in federal funding for the United States Merchant Marine Academy to repair, upgrade, and build new facilities and infrastructure. The funding would be distributed over a ten-year period, starting with $54 million in fiscal year 2025 for design and planning work, followed by approximately $107 million annually from 2026 through 2034 for actual construction projects. The Academy, which trains officers for the U.S. merchant marine, would be the primary beneficiary of these improvements, which are based on a comprehensive modernization plan called "Full Speed Ahead" developed by the Maritime Security Infrastructure Council. The bill was introduced by a bipartisan group of House representatives and referred to the Armed Services Committee, which oversees military and defense-related institutions.