Why would you want more federal oversight? States and school districts are far better at reacting in real time to the needs of their people than the federal government. Do you really want 9/11 taught in current events because a bunch of 60+ year old people believe history stops after WWII?
Education oversight has always been terrible, from no child left behind, to even student succeeds. The best your going to get is some standardized tests and lip service to educating everyone.
The federal government should be the last resort for any governing function.