1. Short title This Act may be cited as the Charter Oversight, Accountability, and Transparency Act or the COAT Act . 2. Oversight of private charter management organizations (a) State plan assurance Section 1111(g) of the Elementary and Secondary Education Act of 1965 ( 20 U.S.C. 6311(g) ) is amended— (1) in paragraph (2)— (A) in subparagraph (M), by striking and at the end; (B) in subparagraph (N), by striking the period at the end and inserting ; and ; and (C) by adding at the end the following new subparagraph: (O) the State educational agency will ensure that each contract between a charter school located in the State and a private charter management organization for the operation or management of the charter school satisfies the requirements described in paragraph (5).