What is the official ID of this bill?
The official print number for this legislation is HR 8886.
Limiting Profit Extraction in Charter Schools Receiving Federal Funds.
This Act prevents federal education funds from being awarded to charter schools that contract with for-profit entities for essential management or operational services. The goal is to ensure that taxpayer money designated for public education, including services for students with disabilities, is spent directly on students' needs rather than being diverted as profits to private management companies. This aims to increase transparency and resource efficiency in public charter schools.
Key points
Charter schools receiving federal funding are prohibited from contracting with for-profit entities for core functions like administration, curriculum development, or faculty management.
The legislation aims to stop the depletion of publicly funded resources due to profit extraction by private operators.
Schools can still hire for-profit companies for ancillary services such as food, transportation, facilities maintenance, or supplies.
The changes take effect in three years but apply to any contract entered into, renewed, or extended on or after the date of enactment.
Status:
Expired
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