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In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.

SECTION 1. TEACHER RECRUITMENT, RETENTION, AND TRAINING.

(a) In General.--Title II of the Elementary and Secondary Education
Act of 1965 (20 U.S.C. 6601 et seq.) is amended--
(1) by redesignating part E as part F;
(2) by redesignating sections 2401 and 2402 as sections
2501 and 2502, respectively; and
(3) by inserting after part D the following:

''PART E--TEACHER RECRUITMENT, RETENTION, AND TRAINING

''SEC. 2401. PROGRAM AUTHORIZED.

''(a) In General.--The Secretary is authorized to make grants to
local educational agencies to permit such agencies to recruit, retain,
and train high-quality teachers by carrying out one or more of the
activities described in subsection (b).
''(b) Uses of Funds.--
''(1) Recruitment, retention, and training activities.--A
local educational agency that receives a grant under this part
may use the grant funds for any of the following recruitment,
retention, and training activities:
''(A) Providing signing bonuses for teachers.
''(B) Carrying out merit pay programs.
''(C) Providing performance bonuses to teachers.
''(D) Providing scholarships to teachers to pursue
advanced course work.
''(E) Providing mentoring programs for teachers.
''(F) Coordinating with institutions of higher
education to provide professional development for
teachers.
''(G) Any other activity that the local educational
agency believes to be effective in recruiting,
retaining, or training high-quality teachers.

''SEC. 2402. AUTHORIZATION OF APPROPRIATIONS.

There are authorized to be appropriated to carry out this part such
sums as may be necessary for each of fiscal years 2002 through 2004.''.
(b) Conforming Amendments.--Section 2003 of the Elementary and
Secondary Education Act of 1965 (20 U.S.C. 6603) is amended--
(1) in subsection (a), by striking ''part C)'' and
inserting ''parts C and E)''; and
(2) in subsection (b), by inserting ''(other than parts C
and E)'' after ''title''.

SEC. 2. LOAN FORGIVENESS FOR TEACHERS.

(a) Elimination of New Borrower Restrictions.--
(1) FFEL program.--Section 428J(b) of the Higher Education
Act of 1965 (20 U.S.C. 1078-10(b)) is amended by striking ''for
any new borrower on or after October 1, 1998, who'' and
inserting ''for any borrower who''.
(2) Federal direct loan program.--Section 460(b)(1) of such
Act (20 U.S.C. 1087j(b)(1)) is amended by striking ''for any
new borrower on or after October 1, 1998, who'' and inserting
''for any borrower who''.
(b) Expansion of Eligible Teaching Locations and Subjects;
Eliminating Delay in Service Benefit.--
(1) FFEL program.--Section 428J(b)(1) of such Act is
amended by striking everything preceding subparagraph (B) and
inserting the following:
''(1) has been employed as a full-time teacher--
''(A)(i) in a school that qualifies under section
465(a)(2)(A) for loan cancellation for Perkins loan
recipients who teach in such schools;
''(ii) as a full-time special education teacher, as
described in section 465(a)(2)(C); or
''(iii) as a full-time teacher in any field of
expertise where the State educational agency determines
there is a shortage of qualified teachers;''.
(2) Federal direct loan program.--Section 460(b)(1)(A) of
such Act (20 U.S.C. 1087j(b)(1)(A)) is amended by striking
everything preceding clause (ii) and inserting the following:
''(A) has been employed as a full-time teacher--
''(i)(I) in a school that qualifies under
section 465(a)(2)(A) for loan cancellation for
Perkins loan recipients who teach in such
schools;
''(II) as a full-time special education
teacher, as described in section 465(a)(2)(C);
or
''(III) as a full-time teacher in any field
of expertise where the State educational agency
determines there is a shortage of qualified
teachers;''.
(c) Amounts Subject to Forgiveness.--
(1) FFEL program.--Section 428J(c) of the Higher Education
Act of 1965 (20 U.S.C. 1078-10(c)) is amended by striking
paragraph (1) and inserting the following:
''(1) Amount and rate of repayment.--The Secretary shall
repay an amount that is not more than $20,000 in the aggregate
of the loan obligation on a loan made under section 428 or 428H
that is outstanding after the completion of the first complete
school year of teaching described in subsection (b)(1) for
which the borrower seeks repayment under this section. Such
amount shall be repaid at the rate of 15 percent for the first
or second year of such service, 20 percent for the third or
fourth year of such service, and 30 percent for the fifth year
of such service. No borrower may receive a reduction of loan
obligations under both this section and section 460.''.
(2) Federal direct loan program.--Section 460(c) of such
Act (20 U.S.C. 1087j(c)) is amended by striking paragraph (1)
and inserting the following:
''(1) Amount and rate of repayment.--The Secretary shall
cancel an amount that is not more than $20,000 in the aggregate
of the loan obligation on a loan made under section 428 or 428H
that is outstanding after the completion of the first complete
school year of teaching described in subsection (b)(1)(A). Such
amount shall be canceled at the rate of 15 percent for the
first or second year of such service, 20 percent for the third
or fourth year of such service, and 30 percent for the fifth
year of such service.''.
Output:
Amends the Elementary and Secondary Education Act of 1965 to establish a new program for teacher recruitment, retention, and training. Authorizes the Secretary of Education to award grants to local educational agencies to recruit, retain, and train high-quality teachers through one or more specified types of activities.Amends the Higher Education Act of 1965 to revise student loan forgiveness for teachers under the Federal Family Education Loan and Federal Direct Loan programs. Expands forgiveness eligibility by: (1) eliminating requirements allowing only certain new borrowers to participate; and (2) increasing the types of eligible teaching locations and subjects. Eliminates a service requirement that an individual teach at least five consecutive complete school years before being eligible for program benefits. Increases to $20,000 the aggregate amount of an individual teacher's student loan obligation which may be forgiven, and revises the rate of repayment.