,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #eihd  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,febru>y #bg1         
#bjbj,ms4 ,tlaib 7= h]self1 ,mr4        
,blum5au]1 ,mr4 ,cicill9e1 ,mr4 ,clay1  
,mr4 ,de,fazio1 ,ms4 ,de,lauro1 ,mrs4   
,d+ell1 ,mr4 ,g>ca ( ,ill9ois1 ,ms4     
,g>cia ( ,texas1 ,ms4 ,haal&1 ,mrs4     
,hayes1 ,ms4 ,jayapal1 ,ms4 ,kelly (    
,ill9ois1 ,mr4 ,khanna1 ,mr4 ,kildee1   
,mrs4 ,lawr5ce1 ,mr4 ,lev9 ( ,mi*igan1  
,mr4 ,mc,nerney1 ,ms4 ,moore1 ,ms4      
,ocasio-,cortez1 ,ms4 ,om>1 ,mr4 ,pocan1
 ,ms4 ,port]1 ,ms4 ,pressley1 ,mr4      
,rask91 ,mr4 ,ryan1 ,ms4 ,s*ak[sky1 ,ms4
 ,sewell ( ,alabama1 ,ms4 ,%alala1 ,ms4 
,slotk91 ,ms4 ,/ev5s1 ,mr4 ,vela1 ,ms4  
,velzquez1 ,ms4 ,wild1 & ,mr4 ,wilson ( 
,s\? ,c>ol9a7 introduc$ ! foll[+ bill2  
:i* 0 ref]r$ to ! ,committee on         
,education & ,labor  ,a ,,bill  ,to am5d
 ! ,elem5t>y & ,second>y ,education ,act
 ( #aife to improve ov]sight ( private  
*>t] managem5t organizations1 & = o!r   
purposes4  #a4 ,%ort title ,?is ,act may

 be cit$ z ! ,*>t] ,ov]sight1           
,acc\ntability1 & ,transp>5cy ,act or ! 
,,coat ,act4  #b4 ,ov]sight ( private   
*>t] managem5t organizations  7a7 ,/ate 
plan assurance ,section #aaaa7;g7 ( !   
,elem5t>y & ,second>y ,education ,act ( 
#aife 7#bj ,u4,s4,c4 #fcaa7;g77 is      
am5d$-- 7#a7 9 p>agraph 7#b7-- 7,a7 9   
subp>agraph 7,m71 by /rik+ & at ! end2  
7,b7 9 subp>agraph 7,n71 by /rik+ !     
p]iod at ! end & ins]t+ 2 &2 &  7,c7 by 
add+ at ! end ! foll[+ new subp>agraph3 
7,o7 ! ,/ate educational ag5cy w ensure 
t ea* contract betwe5 a *>t] s*ool      
locat$ 9 ! ,/ate & a private *>t]       
managem5t organization = ! op]ation or  
managem5t ( ! *>t] s*ool satisfies !    
requirem5ts describ$ 9 p>agraph 7#e74  2
 &  7#b7 by add+ at ! end ! foll[+ new  
p>agraph3  7#e7 ,private *>t] managem5t 
organization ov]sight  7,a7 ,9 g5]al ,a 
contract describ$ 9 p>agraph 7#b77,o7   
%all require a private *>t] managem5t   
organization to comply1 :ile "u         
contract1 ) ! foll[+3 7i7 ,annual       

disclosures ,! private *>t] managem5t   
organization %all disclose annually to !
 ,secret>y1 = ! mo/ rec5tly complet$    
fiscal ye>1 ! foll[+ in=mation3 7,i7 ,! 
id5tity ( ea* *>t] s*ool op]at$ or      
manag$ by ! private *>t] managem5t      
organization4  7,,ii7 ,! id5tity ( ea*  
executive1 includ+ ! *ief executive     
(fic]1 *ief op]at+ (fic]1 *ief f9ancial 
(fic]1 & g5]al c\nsel1 ( ! private *>t] 
managem5t organization 7) updates       
provid$ to ! ,secret>y n lat] ?an "o    
mon? aft] a *ange ) respect to any su*  
executive74  7,,iii7 ,! sal>y ( ea* su* 
executive4  7,,iv7 ,! am\nt e>n$ 9      
excess ( sal>y by ea* su* executive4    
7,v7 ,! am\nt exp5d$ by ! private *>t]  
managem5t organization on ! foll[+3 7aa7
 ,! op]ations ( ea* *>t] s*ool t is s]v$
 by ! private *>t] managem5t            
organization4  7bb7 ,! adm9i/ration ( ! 
private *>t] managem5t organization1    
exclud+ am\nts acc\nt$ = "u item 7aa74  
7,,vi7 ,an audit$ income /atem5t &      
balance %eet demon/rat+ rev5ue1 co/s1 & 

pr(it m>g9 7prep>$ 9 accordance )       
g5]ally accept$ acc\nt+ pr9ciples74     
7,,vii7 ,! am\nt exp5d$ by ! private    
*>t] managem5t organization1 & !        
p]c5tage ( ! annual budget ( ! private  
*>t] managem5t organization t ea* su*   
am\nt comprises1 = ! foll[+3 7aa7       
,adm9i/rative co/s4  7bb7 ,co/s (       
adv]tis+ & m>ket+4  7cc7 ,sal>y &       
b5efits = tea*]s1 support /aff1 s*ool   
lead]s 7includ+ ! pr9cipal & vice       
pr9cipal71 & special education          
in/ructional support /aff4  7dd7 ,co/s (
 in/ructional supplies1 includ+ books1  
writ+ mat]ial1 & curriculum mat]ial4    
7ee7 ,any o!r co/ exce$+ "o p]c5t ( !   
annual budget ( ! private *>t] managem5t
 organization4  7,,viii7 ,:e!r ! private
 *>t] managem5t organization is a       
=-pr(it or nonpr(it organization4       
7,,ix7 ,! id5tity ( any entity t has    
ent]$ into a contract ) ! private *>t]  
managem5t organization & ) respect to   
:i* ! private *>t] managem5t            
organization-- 7aa7 owns a security2    

7bb7 ext5ds cr$it2  7cc7 is a p>5t1     
subsidi>y1 or sibl+ company2 or  7dd7 is
 "u common control4  7ii7 ,bo>d meet+s  
,! private *>t] managem5t organization  
%all-- 7,i7 hold bo>d meet+s t are op5  
to ! public2  7,,ii7 "o week prior to ! 
date ( a bo>d meet+1 issue a public     
notice ( ! meet+2 &  7,,iii7 ensure t   
bo>d meet+s are reasonably accessible to
 ! community by hold+ ! meet+s dur+ a "t
 ( day t is reasonably conv5i5t = !     
p>5ts ( *ildr5 enroll$ 9 a *>t] s*ool   
s]v$ by ! private *>t] managem5t        
organization4  7,b7 ,private *>t]       
managem5t organization def9$ ,= purposes
 ( ?is subsection1 ! t]m private *>t]   
managem5t organization means a private  
organization t op]ates or manages a *>t]
 s*ool or a network ( *>t] s*ools l9k$  
by c5traliz$ support1 op]ations1 &      
ov]sight1 )\t reg>d to :e!r su*         
organization is a =-pr(it or nonpr(it   
organization4  4  7b7 ,public           
availability & report to ,congress ,n   
lat] ?an six mon?s aft] receiv+         

in=mation disclos$ pursuant to section  
#aaaa7;g77#e7 ( ! ,elem5t>y & ,second>y 
,education ,act ( #aife1 z add$ by      
subsection 7a71 ! ,secret>y ( ,education
 %all-- 7#a7 make available ! in=mation 
on a public website ( ! ,dep>tm5t (     
,education2 &  7#b7 submit to !         
,committee on ,education & ,labor ( !   
,h\se ( ,repres5tatives & ! ,committee  
on ,heal?1 ,education1 ,labor1 &        
,p5sions ( ! ,s5ate a report conta9+ !  
in=mation4  7c7 ,effective date ,!      
am5dm5t made 9 subsection 7a7 %all apply
 ) respect to contracts ent]$ into1     
r5ew$1 or modifi$ on or aft] ! date ( ! 
enactm5t ( ?is ,act4