Indian Economic Development and Employment Act

Indian Economic Development and Employment Act - Directs the Secretary of Labor to enter into arrangements with eligible applicants to provide employment in jobs providing needed public services and training which would otherwise be unavailable.

Requires that an application for assistance for a public service employment program under this Act shall include specified provisions, including: (1) assurances that the activities will be administered by or under the supervision of the applicant; (2) a description of the area to be served by such programs; (3) assurances that special consideration will be given to the finding of jobs which provide prospects for advancement by providing specified training and manpower services; (4) a description of recruitment methods, unmet public service needs, and jobs to be filled; and (5) assurances that all persons employed by the applicant shall be Indians except for good cause shown in isolated cases.

Provides for the allocation of funds under this Act. Requires that not less than 80 percent of the funds shall be expended only for wages and employment benefits to persons employed in public service jobs pursuant to this Act.

Directs the Secretary to establish procedures for periodic reviews by an appropriate agency of the status of each of the applicant tribes and of each of the persons employed in a public service job under this Act.

Sets forth the circumstances under which the Secretary shall not provide financial assistance under this Act.

Requires the submission of periodic reports to the Secretary including data on (1) characteristics of participants including age, sex, race, health, education level, and previous wage and employment experience; (2) duration in employment situations, and (3) total dollar cost per participant.

Authorizes for the purposes of carrying out the provisions of this Act appropriations of $150,000,000 for fiscal year 1974, 1975, 1976, 1977, 1978 and 1979.