This document contains the text of the Nurse Reinvestment Act, which amends the Public Health Service Act to address the increasing shortage of registered nurses by instituting a series of policies to improve nurse recruitment and nurse retention. Title I details two initiatives to boost recruitment of nurses. The first initiative includes the development and broadcasting of public service announcements and grant-based funding of state and local public service announcements to advertise and promote the nursing profession, highlight the advantages and rewards of nursing, and encourage individuals to enter the nursing profession. The second initiative concerns revision of provisions of the National Nurse Service Corps related to items such as loan repayments, scholarships, eligibility requirements, reporting requirements, and funding. Title II, which presents policies designed to improve nurse retention, consists of provisions related to the following areas: (1) building career ladders and retaining quality nurses through nurse education, practice, and retention grants; (2) funding and developing comprehensive geriatric education; (3) establishing and operating a nurse faculty loan program to increase the number of qualified nursing faculty; and (4) requiring reports by the General Accounting Office to identify local variations in nursing shortages, hiring differences among certain private entities, and the impact of nursing scholarships. (MN)