A bill to amend the Teacher Corps provisions of the Education Professions Development Act to provide for retraining of experienced teachers, and for other purposes.

Adds to the statement of purpose of the teacher corps section of the Higher Education Act of 1965 that colleges and universities and local school systems be encouraged to adopt improved training and retraining programs for educational staff.

Authorizes appropriation for such purpose $50,000,000 for fiscal 1975, $75,000,000 for fiscal 1976, and $100,000,000 for fiscal 1977 and for subsequent fiscal years.

Extends the term of service in the teacher corps from two to five years. States that the Director of the Teacher Corps is authorized to expend a sum not in excess of 10 per cent or $4,000,000, whichever is the smaller amount, of each above appropriation for the functions of planning the Teacher Corps program, monitoring, documenting, and evaluating Teacher Corps projects, disseminating findings relating to Teacher Corps projects, and furnishing technical assistance to Teacher Corps projects.