diff --git a/packages/react-fs/README.md b/packages/react-fs/README.md
new file mode 100644
index 0000000000000..cca1192f52c45
--- /dev/null
+++ b/packages/react-fs/README.md
@@ -0,0 +1,12 @@
+# react-fs
+
+This package is meant to be used alongside yet-to-be-released, experimental React features. It's unlikely to be useful in any other context.
+
+**Do not use in a real application.** We're publishing this early for
+demonstration purposes.
+
+**Use it at your own risk.**
+
+# No, Really, It Is Unstable
+
+The API ~~may~~ will change wildly between versions.
diff --git a/packages/react-fs/index.browser.js b/packages/react-fs/index.browser.js
new file mode 100644
index 0000000000000..444c63ec765ff
--- /dev/null
+++ b/packages/react-fs/index.browser.js
@@ -0,0 +1,12 @@
+/**
+ * Copyright (c) Facebook, Inc. and its affiliates.
+ *
+ * This source code is licensed under the MIT license found in the
+ * LICENSE file in the root directory of this source tree.
+ *
+ * @flow
+ */
+
+throw new Error(
+  'This entry point is not yet supported in the browser environment',
+);
diff --git a/packages/react-fs/index.js b/packages/react-fs/index.js
new file mode 100644
index 0000000000000..ceb2071c4f055
--- /dev/null
+++ b/packages/react-fs/index.js
@@ -0,0 +1,12 @@
+/**
+ * Copyright (c) Facebook, Inc. and its affiliates.
+ *
+ * This source code is licensed under the MIT license found in the
+ * LICENSE file in the root directory of this source tree.
+ *
+ * @flow
+ */
+
+'use strict';
+
+export * from './index.node';
diff --git a/packages/react-fs/index.node.js b/packages/react-fs/index.node.js
new file mode 100644
index 0000000000000..ea6d021f8d2d8
--- /dev/null
+++ b/packages/react-fs/index.node.js
@@ -0,0 +1,12 @@
+/**
+ * Copyright (c) Facebook, Inc. and its affiliates.
+ *
+ * This source code is licensed under the MIT license found in the
+ * LICENSE file in the root directory of this source tree.
+ *
+ * @flow
+ */
+
+'use strict';
+
+export * from './src/ReactFilesystem';
diff --git a/packages/react-fs/npm/index.browser.js b/packages/react-fs/npm/index.browser.js
new file mode 100644
index 0000000000000..d08a7383d699f
--- /dev/null
+++ b/packages/react-fs/npm/index.browser.js
@@ -0,0 +1,7 @@
+'use strict';
+
+if (process.env.NODE_ENV === 'production') {
+  module.exports = require('./cjs/react-fs.browser.production.min.js');
+} else {
+  module.exports = require('./cjs/react-fs.browser.development.js');
+}
diff --git a/packages/react-fs/npm/index.js b/packages/react-fs/npm/index.js
new file mode 100644
index 0000000000000..ee510df2ad686
--- /dev/null
+++ b/packages/react-fs/npm/index.js
@@ -0,0 +1,3 @@
+'use strict';
+
+module.exports = require('./index.node');
diff --git a/packages/react-fs/npm/index.node.js b/packages/react-fs/npm/index.node.js
new file mode 100644
index 0000000000000..fa1d5b986e658
--- /dev/null
+++ b/packages/react-fs/npm/index.node.js
@@ -0,0 +1,7 @@
+'use strict';
+
+if (process.env.NODE_ENV === 'production') {
+  module.exports = require('./cjs/react-fs.node.production.min.js');
+} else {
+  module.exports = require('./cjs/react-fs.node.development.js');
+}
diff --git a/packages/react-fs/package.json b/packages/react-fs/package.json
new file mode 100644
index 0000000000000..d3f9586725e0a
--- /dev/null
+++ b/packages/react-fs/package.json
@@ -0,0 +1,26 @@
+{
+  "private": true,
+  "name": "react-fs",
+  "description": "React bindings for the filesystem",
+  "version": "0.0.0",
+  "repository": {
+    "type" : "git",
+    "url" : "https://github.com/facebook/react.git",
+    "directory": "packages/react-fs"
+  },
+  "files": [
+    "LICENSE",
+    "README.md",
+    "build-info.json",
+    "index.js",
+    "index.node.js",
+    "index.browser.js",
+    "cjs/"
+  ],
+  "peerDependencies": {
+    "react": "^17.0.0"
+  },
+  "browser": {
+    "./index.js": "./index.browser.js"
+  }
+}
diff --git a/packages/react-fs/src/ReactFilesystem.js b/packages/react-fs/src/ReactFilesystem.js
new file mode 100644
index 0000000000000..cfc74bdfd219b
--- /dev/null
+++ b/packages/react-fs/src/ReactFilesystem.js
@@ -0,0 +1,148 @@
+/**
+ * Copyright (c) Facebook, Inc. and its affiliates.
+ *
+ * This source code is licensed under the MIT license found in the
+ * LICENSE file in the root directory of this source tree.
+ *
+ * @flow
+ */
+
+import type {Wakeable, Thenable} from 'shared/ReactTypes';
+
+import {unstable_getCacheForType} from 'react';
+import * as fs from 'fs/promises';
+import {isAbsolute, normalize} from 'path';
+
+const Pending = 0;
+const Resolved = 1;
+const Rejected = 2;
+
+type PendingResult = {|
+  status: 0,
+  value: Wakeable,
+  cache: Array<mixed>,
+|};
+
+type ResolvedResult<T> = {|
+  status: 1,
+  value: T,
+  cache: Array<mixed>,
+|};
+
+type RejectedResult = {|
+  status: 2,
+  value: mixed,
+  cache: Array<mixed>,
+|};
+
+type Result<T> = PendingResult | ResolvedResult<T> | RejectedResult;
+
+function toResult<T>(thenable: Thenable<T>): Result<T> {
+  const result: Result<T> = {
+    status: Pending,
+    value: thenable,
+    cache: [],
+  };
+  thenable.then(
+    value => {
+      if (result.status === Pending) {
+        const resolvedResult = ((result: any): ResolvedResult<T>);
+        resolvedResult.status = Resolved;
+        resolvedResult.value = value;
+      }
+    },
+    err => {
+      if (result.status === Pending) {
+        const rejectedResult = ((result: any): RejectedResult);
+        rejectedResult.status = Rejected;
+        rejectedResult.value = err;
+      }
+    },
+  );
+  return result;
+}
+
+function readResult<T>(result: Result<T>): T {
+  if (result.status === Resolved) {
+    return result.value;
+  } else {
+    throw result.value;
+  }
+}
+
+// We don't want to normalize every path ourselves in production.
+// However, relative or non-normalized paths will lead to cache misses.
+// So we encourage the developer to fix it in DEV and normalize on their end.
+function checkPathInDev(path: string) {
+  if (__DEV__) {
+    if (!isAbsolute(path)) {
+      console.error(
+        'The provided path was not absolute: "%s". ' +
+          'Convert it to an absolute path first.',
+        path,
+      );
+    } else if (path !== normalize(path)) {
+      console.error(
+        'The provided path was not normalized: "%s". ' +
+          'Convert it to a normalized path first.',
+        path,
+      );
+    }
+  }
+}
+
+function createReadFileCache(): Map<string, Result<Buffer>> {
+  return new Map();
+}
+
+export function readFile(
+  path: string,
+  options:
+    | string
+    | {
+        encoding?: string | null,
+        // Unsupported:
+        flag?: string, // Doesn't make sense except "r"
+        signal?: mixed, // We'll have our own signal
+      },
+): string | Buffer {
+  const map = unstable_getCacheForType(createReadFileCache);
+  checkPathInDev(path);
+  let entry = map.get(path);
+  if (!entry) {
+    const thenable = fs.readFile(path);
+    entry = toResult(thenable);
+    map.set(path, entry);
+  }
+  const result: Buffer = readResult(entry);
+  if (!options) {
+    return result;
+  }
+  let encoding;
+  if (typeof options === 'string') {
+    encoding = options;
+  } else {
+    const flag = options.flag;
+    if (flag != null && flag !== 'r') {
+      throw Error(
+        'The flag option is not supported, and always defaults to "r".',
+      );
+    }
+    if (options.signal) {
+      throw Error('The signal option is not supported.');
+    }
+    encoding = options.encoding;
+  }
+  if (typeof encoding !== 'string') {
+    return result;
+  }
+  const textCache = entry.cache;
+  for (let i = 0; i < textCache.length; i += 2) {
+    if (textCache[i] === encoding) {
+      return (textCache[i + 1]: any);
+    }
+  }
+  const text = result.toString((encoding: any));
+  textCache.push(encoding, text);
+  return text;
+}
diff --git a/scripts/flow/environment.js b/scripts/flow/environment.js
index 65d7c81da974b..0fac49adfb211 100644
--- a/scripts/flow/environment.js
+++ b/scripts/flow/environment.js
@@ -70,6 +70,16 @@ declare module 'EventListener' {
 declare function __webpack_chunk_load__(id: string): Promise<mixed>;
 declare function __webpack_require__(id: string): any;
 
+declare module 'fs/promises' {
+  declare var readFile: (
+    path: string,
+    options?:
+      | ?string
+      | {
+          encoding?: ?string,
+        },
+  ) => Promise<Buffer>;
+}
 declare module 'pg' {
   declare var Pool: (
     options: mixed,
diff --git a/scripts/rollup/bundles.js b/scripts/rollup/bundles.js
index e6ef2e59bec9f..e97f7aa8d3067 100644
--- a/scripts/rollup/bundles.js
+++ b/scripts/rollup/bundles.js
@@ -153,6 +153,24 @@ const bundles = [
     externals: ['react', 'http', 'https'],
   },
 
+  /******* React FS Browser (experimental, new) *******/
+  {
+    bundleTypes: [NODE_DEV, NODE_PROD],
+    moduleType: ISOMORPHIC,
+    entry: 'react-fs/index.browser',
+    global: 'ReactFilesystem',
+    externals: [],
+  },
+
+  /******* React FS Node (experimental, new) *******/
+  {
+    bundleTypes: [NODE_DEV, NODE_PROD],
+    moduleType: ISOMORPHIC,
+    entry: 'react-fs/index.node',
+    global: 'ReactFilesystem',
+    externals: ['react', 'fs/promises', 'path'],
+  },
+
   /******* React PG Browser (experimental, new) *******/
   {
     bundleTypes: [NODE_DEV, NODE_PROD],