This is Congresswoman Chu's proposal. An NEA VP was there to support her (
http://neapriorityschools.org/2010/05/20/nea-vice-president-joins-rep-judy-chu-in-plan-to-strengthen-schools/)
It's worth a read.
The Writing on the Chalkboard Now
Currently, the primary way to improve our country’s lowest performing schools is
through School Improvement Grant (SIG) models. While the purpose of this program
is admirable in theory, it fails in practice. Instead of providing teachers and
administrators with the tools necessary to build better schools, the models deprive
schools of the flexibility necessary to respond to the specific needs of their students. As
Congress begins the work of reauthorizing the Elementary and Secondary Education
Act (ESEA), it must not continue these broken models. Now is the time for Congress
to rethink school improvement and imagine new ways of strengthening our schools for
the neediest students.
http://chu.house.gov/SOS%20Report%20FINAL.pdf