Ready-to-Compete Act

Amends the Elementary and Secondary Education Act of 1965 to authorize the Secretary of Education to award grants to public telecommunications entities to coordinate the development, production, and distribution of innovative multiplatform educational programming and services for young children and youth and their parents, educators, and caregivers.

Requires grantees to award subcontracts or enter into agreements with public television stations and producers or distributors of educational programming for the operation of Ready-to-Learn programs.

Requires Ready-to-Learn programs to: (1) include programming that is aligned with state academic content and achievement standards; (2) include training and materials for educators and caregivers to facilitate their use of the programming and services; (3) address specific community and school needs, ascertained via ongoing community outreach programs; and (4) include programming in reading, social and emotional development, and at least one other topic in an academic or developmentally appropriate area.

Amends the Workforce Investment Act of 1998 to authorize the Secretary to award competitive grants to public television stations that partner with states, state workforce investment boards, or institutions of higher education to develop, disseminate, and provide on-line and on-air education and training services for adults.