P.E. for the 21st Century Act - Directs the Secretary of Education to award competitive grants to local educational agencies and charter schools to improve physical fitness education and curricula in elementary and secondary schools.
Requires each grantee to carry out a pilot program for one school year that: (1) makes technology a key component of assessing students' physical fitness and improvement; (2) creates partnerships with local businesses to ensure community support for the program, and their financial and professional assistance; and (3) incorporates physical fitness education (in addition to regular physical fitness education classes) into multiple areas of the curriculum.
Limits such grants to one grantee in each state.