For far too long for-profit charter schools have operated without accountability. Without the necessary oversight for charter schools, our children will continue to suffer while taxpayers bankroll charter school fraud, waste, and abuse. I know our children deserve better, and this is why this week I am introducing the Charter Oversight, Accountability, and Transparency Act, which we call the COAT Act. I am doing this with Representative Bowman and Representative Wilson to help strengthen our country's public education system by promoting the same type of accountability from charter schools nationwide that the law requires of our public school systems. Charter schools are publicly funded, Madam Speaker, but are managed by private charter management organizations. This bill would require these management organizations to file financial disclosures to the Department of Education in order to receive Federal Elementary and Secondary Education Act funds. Michigan's experiment with charters has led to a system of poor-run schools for for-profit companies, failing thousands of our students. The COAT Act is commonsense legislation that will increase transparency and accountability to ensure that charter schools provide necessary information to local, State, and Federal agencies to detect and prevent fraud and abuse. Ending Auto Insurance Discrimination
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