1. Short title This Act may be cited as the All Children are Equal Act or the ACE Act . 2. Findings Section 1125AA of the Elementary and Secondary Education Act of 1965 ( 20 U.S.C. 6336 ) is amended— (1) by amending the heading to read as follows: 1125AA. Increase grants per formula student as the percentage of economically disadvantaged children in a local educational agency increases