Nurse Reinvestment Act

Nurse Reinvestment Act - Amends the Public Health Service Act to permit the service required by the Nursing Workforce Development Student Loan Repayment program to be performed in a nursing home, in a hospice, in a home health agency, in a nurse-managed health center, or in a public health department, in addition to facilities where such service may currently be performed.

Directs the Secretary of Health and Human Services to establish a National Nurse Corps Scholarship program to provide scholarships to individuals seeking nursing education in exchange for service from such individuals in critical nursing shortage areas or facilities upon completion of such education. Sets forth eligibility, application, payment, and reporting requirements.

Requires the Secretary to award grants to schools of nursing and/or health care facilities to develop and support: (1) educational outreach programs to encourage entry into the profession, targeting primary, secondary, and other schools, the disadvantaged, underrepresented minorities, and underserved rural and urban communities; (2) career ladder programs; (3) gerontology curriculum and competencies and efforts to encourage long-term care nursing services for the elderly as a career choice; (4) nurse internship and residency programs; and (5) demonstrations of models and best practices in nursing care, including retention strategies.

Requires the Secretary to develop and administer a comprehensive national multi-media public education campaign to encourage pursuit of the nursing profession. Includes grants for similar State campaigns.

Requires the Secretary to award grants to area health education centers to develop models of excellence for nurses or expand existing school mentoring programs to include one for nurses.

Establishes for advanced degree nursing students: (1) a fast-track nursing faculty loan program, providing loan forgiveness in exchange for teaching services; and (2) a scholarship and stipend program.

Establishes a National Commission on the Recruitment and Retention of Nurses to make innovative and creative recommendations concerning recruitment, retention, and advancement.