Conditional deregulation of federal elementary and secondary education assistance programs, that is, waiving one or more program regulations in return for some additional accountability, has been proposed in recent years and endorsed by the Bush administration. The "America 2000" legislation proposes a broad authority for conditional deregulation of federal elementary and secondary education assistance programs. Similar legislation with respect to state regulations has been adopted by some states. Unlike earlier proposals to transform federal elementary and secondary education assistance programs into block grants," these proposals would reduce the number of requirements for the use of funds under a variety of programs, but would require in return new forms of accountability based on program results. (Author/MLF)