National Principal Recruitment Act - Directs the Secretary of Education to establish a National Principal Recruitment program awarding matching grants to up to three partnerships each of which consist of a nonprofit organization working with a research organization and local educational agencies to: (1) recruit new principals for high-need schools and provide them with a year-long preservice residency and ongoing support and professional development; and (2) rigorously research, evaluate, and report on such activities so that successful practices can be replicated and each grantee's success in improving student academic performance can be measured.
Increases a grant by 50% after the third full school year of its implementation if: (1) such research and evaluation demonstrates that students in high-need schools led, for at least two years, by principals recruited, trained, and supported by the grantee are making greater academic gains than comparable students elsewhere; and (2) the grantee has the capacity to scale up its services.
Terminates a grant by the end of the fourth year of its implementation if the students in high-need schools led, for at least two years, by such principals are not making greater academic gains than comparable students elsewhere.
Defines "high-need schools" as public elementary or secondary schools where at least 40% of the students receive a free or reduced price lunch under the school lunch program.