1. Short title This Act may be cited as the Educating Future Nurses Act . 2. National graduate nurse education program Title XVIII of the Social Security Act ( 42 U.S.C. 1395 et seq. ) is amended by inserting after section 1866G the following new section: 1866H. National graduate nurse education program (a) In general (1) Establishment (A) In general The Secretary shall establish a national graduate nurse education program under this title under which an eligible hospital may receive payment for the hospital's reasonable costs (described in paragraph (2)) for the provision of qualified clinical education to advanced practice registered nurses. (B) Written agreements Eligible hospitals participating in the program shall enter into written agreements pursuant to subsection (b)(1) in order to reimburse the eligible partners of the hospital the share of the costs attributable to each partner. (2) Costs described (A) In general Subject to subparagraph (B), the costs described in this paragraph are the reasonable costs (as described in section 1861(v)) of each eligible hospital for the clinical education costs (as determined by the Secretary) that are attributable to providing advanced practice registered nurses with qualified clinical education. (B) Limitation With respect to a year, the amount reimbursed under subparagraph (A) may not exceed the amount of costs described in subparagraph (A) that are attributable to an increase in the number of advanced practice registered nurses enrolled in an accredited school of nursing that provides qualified clinical education during the year and for which the hospital is being reimbursed under the program, as compared to the average number of advanced practice registered nurses who graduated in each year during the period beginning on January 1, 2021, and ending on December 31, 2022 (as determined by the Secretary) from the graduate nursing education program operated by the applicable school of nursing that is an eligible partner of the hospital for purposes of the program. (3)