1. Short title This Act may be cited as the Perkins Fund for Equity and Excellence . 2. Career and Technical Education Fund for Excellence and Equity (a) Career and Technical Education Fund for Excellence and Equity Section 114(d) of the Carl D. Perkins Career and Technical Education Act of 2006 ( 20 U.S.C. 2324(d) ) is amended by adding at the end the following: (6) Career and Technical Education Fund for Excellence and Equity (A) Purpose The purpose of this paragraph is to support innovative approaches to career and technical education and redesign the high school experience for students by providing students with equitable access to rigorous, engaging, and relevant real world education through partnerships with business and industry and higher education that prepare students to graduate from high school and enroll into postsecondary education— (i) without the need for remediation; and (ii) with the ability to use knowledge to solve complex problems, think critically, communicate effectively, collaborate with others, and develop academic mindsets. (B) Definitions In this paragraph: (i) In General Except as otherwise provided in section 3 or this subparagraph, the terms used in this paragraph have the meanings given the terms in section 8101 of the Elementary and Secondary Education Act of 1965. (ii) Career and technical education program of study The term career and technical education program of study means a coordinated, non-duplicative sequence of high school and postsecondary academic and technical courses that— (I) incorporates rigorous, State-identified college and career readiness standards, including State-identified career and technical education standards that address both academic and technical knowledge and skills that are aligned with the needs of in-demand industry sectors or occupations for the State, region, or local area; (II) supports attainment of employability and career readiness skills