CHARTER Act

The CHARTER Act aims to ensure that public funds for charter schools are not used to generate profits for for-profit companies. It directly affects charter schools receiving federal money by prohibiting them from contracting with for-profit entities to run, manage, or oversee their daily operations. While the bill allows schools to hire for-profit vendors for specific services like food, supplies, and transportation, it strictly bans contracts where a for-profit company controls the school or takes a cut of its revenue. These rules will only apply to new or renewed contracts made after the law is passed, with full enforcement beginning three years later.