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  <summary>	9/30/2009--Introduced.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.</summary>
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  <topresident-datetime type="date">2009-11-16</topresident-datetime>
  <updated type="timestamp">Tue Nov 24 05:12:59 -0600 2009</updated>
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      <title>To amend the Elementary and Secondary Education Act of 1965 to establish the Teacher Incentive Fund Program, and for other purposes.</title>
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    <text>Referred to the Subcommittee on Early Childhood, Elementary, and Secondary Education.</text>
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