The bill aims to expand the Community Learning Centers program by increasing funding from $1 billion to $10 billion annually for fiscal years 2026 through 2035. The program's name will be changed from "21st Century" to "Community Learning Centers." Additionally, the corporate tax rate will be raised from 21% to 22%, effective for taxable years starting after the bill's enactment. The corporate tax increase is intended to fund the expanded afterschool program.