Citizens' Commission on Educational Equity Act of 2008 - Establishes the Citizens' Commission on Educational Equity, composed of the Secretary of Education and 14 educational stakeholders appointed by the Comptroller General.
Tasks the Commission with conducting a study and reporting to Congress on ways to enable all students to achieve their academic potential, with particular emphasis on: (1) ensuring that schools receive adequate resources; (2) developing methods for assessing students' educational needs; and (3) creating innovative strategies for state and local educational agencies to follow to enable students to achieve their academic potential, and to enable such agencies to participate in school funding reform efforts that result in educational equity.
Directs the Commission to conduct outreach programs with communities throughout the nation to engage them in a public dialogue on how to ensure that their schools enable all students to achieve their academic potential.