Mathematics and Science Teaching Corps Act of 2006 - Amends the Department of Education Organization Act to create a Math and Science Teaching Corps to significantly improve mathematics and science achievement among secondary school students in the United States.
Requires the Director of the Corps to carry out a program that awards: (1) Math and Science Teaching Corps Fellowships for Prospective Teachers (MSTC Fellowships) who possess comprehensive subject area knowledge; (2) grants to partner institutions to pay the tuition, fees, and overhead costs of the fellows; and (3) grants to participating local educational agencies to pay the expenses associated with facilitating the induction and professional development services for the fellows. Requires MSTC Fellowship recipients to: (1) receive specified pedagogical training; and (2) teach mathematics or science in a secondary school, for which they shall receive a stipend, and participate in induction programs of participating local educational agencies, for four years.
Requires the Director to carry out a program that awards Math and Science Teaching Corps Fellowships for Experienced Teachers (MSTC Master Fellowships). Requires an MSTC Master Fellowship recipient to: (1) continue to teach mathematics or science in a secondary school of a participating agency for at least five of the seven years after receiving such fellowship, for which he or she shall receive a stipend; (2) serve as a leader within the individual's department and school; (3) mentor other recipients; and (4) attend subject or pedagogy workshops offered by the participating local educational agency.