Charter Oversight, Accountability, and Transparency Act

HR 4083, the Charter Oversight, Accountability, and Transparency Act (COAT Act), requires private organizations managing charter schools to disclose detailed financial and operational information annually. It mandates public disclosure of executive salaries, administrative costs, school spending breakdowns, and organizational structure (for-profit or nonprofit) for all charter schools they operate. The bill also requires these organizations to hold publicly accessible board meetings with advance notice and ensures all disclosed data is posted on the Department of Education website within six months. This applies to all private charter management organizations operating or managing charter schools in any state.