We are proud to have already collaborated on a number of efforts to ensure America invests in what works. The Senate Health, Education, Labor and Pensions Committee, of which we are both members, recently passed a bill to fix the broken No Child Left Behind Act. As part of that process, we developed and passed a bipartisan amendment to create an evidence-based innovation fund that would test promising new ideas, build the knowledge base of what works, and invest in scaling ideas that are proven to work.
States or school districts would, for the first time, be able to use federal funds to invest in strategies and programs that deliver proven results, an approach sometimes called Pay for Success. Pay for Success also has applications in healthcare, job training, child care and other critical areas. We have introduced legislation to encourage more of these kinds of projects across the country.