A bill to amend section 133 of the Elementary and Secondary Education Act of 1965 to permit the Secretary of Education to waive the requirements of subsection (b)(7)(B) of such section, relating to matching funds for services provided under school-wide projects to children who are not educationally deprived.

Amends the Elementary and Secondary Education Act of 1965 to authorize the Secretary of Education to grant exceptions, requested by local educational agencies, from specified requirements relating to matching funds for services provided under schoolwide projects to children who are not educationally deprived, if a more efficient program would result and the quality of services to educationally deprived children would not diminish.