To require full funding of the Elementary and Secondary Education Act of 1965 and the Individuals with Disabilities Education Act.

Summary: Keep Our Promise to America's Children and Teachers Act or the Keep Our PACT Act - Makes appropriations of: (1) the greater of specified amounts or the authorized amounts for programs under the Elementary and Secondary Education Act of 1965 for FY2007-FY2014; and (2) specified amounts for FY2007-FY2015 and an amount determined pursuant to a specified formula (based on the number of children who received special education, the average per-pupil expenditure, and the rate of change in a state's population) for FY2016 and thereafter for the Individuals with Disabilities Education Act.

Requires such appropriated amounts to be expended consistent with pay-as-you-go requirements.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Keep Our Promise to America's 
Children and Teachers Act'' or the ``Keep Our PACT Act''.

SEC. 2. FINDINGS.

    The Congress finds as follows:
            (1) Children are our Nation's future and greatest treasure.
            (2) A high-quality education is the surest way for every 
        child to reach his or her full potential.
            (3) The No Child Left Behind Act of 2001 represents the 
        most sweeping revision of education policy in a generation.
            (4) The Departments of Labor, Health and Human Services, 
        and Education, and Related Agencies Appropriations Act, 2006 
        (Public Law 109-149) funded the No Child Left Behind Act of 
        2001 at $23,510,000,000 ($13,360,000,000 below its 2006 
        authorized level), causing 3,100,000 students not to receive 
        the Title I help they were promised.
            (5) The Individuals with Disabilities Education Act 
        guarantees all children with disabilities a first-rate 
        education.
            (6) The Individuals with Disabilities Education Improvement 
        Act committed the Congress to providing 40 percent of the 
        national current average per pupil expenditure for special 
        education students.
            (7) The Departments of Labor, Health and Human Services, 
        and Education, and Related Agencies Appropriations Act, 2006 
        (Public Law 109-149) funded the Individuals with Disabilities 
        Education Act Part B state grants at $10,700,000,000, 
        representing only 18 percent of the national current average 
        per pupil expenditures for special education students
            (8) A promise made must be a promise kept.

SEC. 3. FULL FUNDING OF THE NO CHILD LEFT BEHIND ACT OF 2001.

    (a) Funding.--There are appropriated, out of any money in the 
Treasury not otherwise appropriated--
            (1) for fiscal year 2007, an amount that equals the 
        difference between--
                    (A) the amount appropriated for fiscal year 2007 
                for programs under the Elementary and Secondary 
                Education Act of 1965, as amended by the No Child Left 
                Behind Act of 2001; and
                    (B) $23,504,000,000 or the full amount authorized 
                to be appropriated for that fiscal year for those 
                programs, whichever is higher;
            (2) for fiscal year 2008, an amount that equals the 
        difference between--
                    (A) the amount appropriated for fiscal year 2008 
                for programs under the Elementary and Secondary 
                Education Act of 1965, as amended by the No Child Left 
                Behind Act of 2001; and
                    (B) $28,315,000,000 or the full amount authorized 
                to be appropriated for that fiscal year for those 
                programs, whichever is higher;
            (3) for fiscal year 2009, an amount that equals the 
        difference between--
                    (A) the amount appropriated for fiscal year 2009 
                for programs under the Elementary and Secondary 
                Education Act of 1965, as amended by the No Child Left 
                Behind Act of 2001; and
                    (B) $33,126,000,000 or the full amount authorized 
                to be appropriated for that fiscal year for those 
                programs, whichever is higher;
            (4) for fiscal year 2010, an amount that equals the 
        difference between--
                    (A) the amount appropriated for fiscal year 2010 
                for programs under the Elementary and Secondary 
                Education Act of 1965, as amended by the No Child Left 
                Behind Act of 2001; and
                    (B) $37,938,000,000 or the full amount authorized 
                to be appropriated for that fiscal year for those 
                programs, whichever is higher;
            (5) for fiscal year 2011, an amount that equals the 
        difference between--
                    (A) the amount appropriated for fiscal year 2011 
                for programs under the Elementary and Secondary 
                Education Act of 1965, as amended by the No Child Left 
                Behind Act of 2001; and
                    (B) $42,749,000,000 or the full amount authorized 
                to be appropriated for that fiscal year for those 
                programs, whichever is higher;
            (6) for fiscal year 2012, an amount that equals the 
        difference between--
                    (A) the amount appropriated for fiscal year 2012 
                for programs under the Elementary and Secondary 
                Education Act of 1965, as amended by the No Child Left 
                Behind Act of 2001; and
                    (B) $47,560,000,000 or the full amount authorized 
                to be appropriated for that fiscal year for those 
                programs, whichever is higher;
            (7) for fiscal year 2013, an amount that equals the 
        difference between--
                    (A) the amount appropriated for fiscal year 2013 
                for programs under the Elementary and Secondary 
                Education Act of 1965, as amended by the No Child Left 
                Behind Act of 2001; and
                    (B) $52,371,000,000 or the full amount authorized 
                to be appropriated for that fiscal year for those 
                programs, whichever is higher; and
            (8) for fiscal year 2014, an amount that equals the 
        difference between--
                    (A) the amount appropriated for fiscal year 2014 
                for programs under the Elementary and Secondary 
                Education Act of 1965, as amended by the No Child Left 
                Behind Act of 2001; and
                    (B) $57,182,000,000 or the full amount authorized 
                to be appropriated for that fiscal year for those 
                programs, whichever is higher.
    (b) Use of Funds.--Funds appropriated under subsection (a)--
            (1) shall be used to carry out the programs of the 
        Elementary and Secondary Education Act of 1965, as amended by 
        the No Child Left Behind Act of 2001; and
            (2) shall be allocated among such programs in the same 
        ratio as funds otherwise appropriated to carry out such 
        programs.

SEC. 4. MANDATORY FUNDING OF THE INDIVIDUALS WITH DISABILITIES 
              EDUCATION ACT.

    (a) In General.--Section 611(i) of the Individuals with 
Disabilities Education Act (20 U.S.C. 1411(i)) is amended to read as 
follows:
    ``(i) Mandatory Funding.--For the purpose of carrying out this 
part, other than section 619, there are appropriated, out of any money 
in the Treasury not otherwise appropriated--
            ``(1) $10,568,000,000 for fiscal year 2007;
            ``(2) $12,068,000,000 for fiscal year 2008;
            ``(3) $13,782,000,000 for fiscal year 2009;
            ``(4) $15,738,000,000 for fiscal year 2010;
            ``(5) $17,973,000,000 for fiscal year 2011;
            ``(6) $20,525,000,000 for fiscal year 2012;
            ``(7) $23,439,000,000 for fiscal year 2013;
            ``(8) $26,766,000,000 for fiscal year 2014;
            ``(9) $30,567,000,000 for fiscal year 2015; and
            ``(10) for fiscal year 2016 and each subsequent fiscal 
        year--
                    ``(A) the number of children with disabilities in 
                the 2014-2015 school year in the States, outlying 
                areas, and freely associated States who received 
                special education and related services--
                            ``(i) aged 3 through 5 if the States, 
                        outlying areas, and freely associated States 
                        are eligible for a grant under section 619; and
                            ``(ii) aged 6 through 21; multiplied by
                    ``(B) 40 percent of the average per-pupil 
                expenditure in public elementary schools and secondary 
                schools in the United States; adjusted by
                    ``(C) the rate of annual change in the sum of--
                            ``(i) 85 percent of such State's, outlying 
                        area's, and freely associated State's 
                        population described in subsection 
                        (d)(3)(A)(i)(II); and
                            ``(ii) 15 percent of such State's, outlying 
                        area's, and freely associated State's 
                        population described in subsection 
                        (d)(3)(A)(i)(III).''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
take effect on October 1, 2006.

SEC. 5. OFFSET.

    The amounts appropriated by this Act and the amendments made by 
this Act shall be expended consistent with pay-as-you-go requirements.