Prohibits charter schools from contracting with for-profit entities for school operations.
The CHARTER Act amends the Elementary and Secondary Education Act and the Individuals with Disabilities Education Act to ensure that charter schools cannot receive federal funds if they contract with for-profit entities for operations, oversight, or management. The bill aims to prevent profit extraction from public funds intended for students. It defines charter schools as nonprofit entities and prohibits contracts that allow for-profit entities to exert influence or profit from school management.
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