Offender Employment and Training Act

Offender Employment and Training Act - Title I: Federal Penal or Correctional Institutions - Authorizes the National Institute of Corrections from a fund to be established called the Federal Employment and Training Fund, to make grants and loans to, or contract with qualified applicants, establish within or without any Federal penal or correctional institution projects for the purpose of training or employing offenders.

Stipulates that no loan or grant shall be made unless the National Institute of Corrections first determines that: (1) offenders shall receive wages at a rate not less than similar workers in the locality; (2) any products or services may be sold just as if non-offenders provided them; (3) the offenders are likely by reason of their involvement in such projects to find employment following their release; (4) benefits, such as unemployment compensation, are available to offenders and non-offenders alike; and (5) deductions from gross wages shall not exceed 80 percent of gross wages.

Authorizes annual appropriations to the fund to make its income not less than $10,000,000 in any fiscal year.

Provides for the monitoring and evaluation of any project entered into pursuant to this Act by the Comptroller General of the National Institute of Corrections.