The purpose of this legislation is to enhance the funding and support for schools operated by the Bureau of Indian Education and those controlled by Indian tribes. It aims to ensure that these schools receive adequate financial resources to provide quality education to Indigenous students. Key provisions of the legislation include an update to the Indian School Equalization Formula, which determines how funds are allocated to these schools. The Secretary of the Interior, in collaboration with other officials, is required to revise this formula within a year of the law's enactment.