H.R.2903: To amend the Elementary and Secondary Education Act of 1965 to provide grants for innovative teacher retention programs.

Keep Teachers Teaching Act of 2007 - Amends the Elementary and Secondary Education Act of 1965 to direct the Secretary of Education to make competitive grants to local educational agencies (LEAs), states, and partnerships of LEAs, nonprofit organizations, and institutions of higher education for the development and implementation of innovative teacher retention programs that include: (1) professional development; (2) teacher mentoring; (3) advanced certification or credentialing; (4) research, travel, or fellowship opportunities; and (5) pairing of teachers with research or industry professionals.

Requires the Secretary to identify, and inform states and LEAs of, the most promising teacher retention strategies.