H.R.3683 - Teacher Incentive Fund Act111th Congress (2009-2010)
|Sponsor:||Rep. Price, Tom [R-GA-6] (Introduced 09/30/2009)|
|Committees:||House - Education and Labor|
|Latest Action:||11/16/2009 Referred to the Subcommittee on Early Childhood, Elementary, and Secondary Education.|
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Summary: H.R.3683 — 111th Congress (2009-2010)All Bill Information (Except Text)
Introduced in House (09/30/2009)
Teacher Incentive Fund Act - Amends the Elementary and Secondary Education Act of 1965 to create a Teacher Incentive Fund program of competitive grants to assist states, local educational agencies (LEAs), and nonprofit organizations to develop, implement, or improve, appraisal and performance-based compensation systems to reward teachers and principals who raise student academic achievement and close the achievement gap, especially in the highest-need schools.
Increases required nonfederal contributions to the program, on a graduated basis, from an amount equal 10% of the grant amount received in the first year to 70% of the grant amount received in the grant's fifth and final year. Allows the Secretary of Education to waive such matching requirement for high-need LEAs.