Palm Oil and Palm Oil Products Inspection and Identification Act

Palm Oil and Palm Oil Products Inspection and Identification Act - Prohibits the importation of palm oil unless the Secretary of Agriculture has certified that such imports originate from pure and wholesome supplies and that such imports were processed in plants meeting minimum sanitation standards. Directs the Secretary to establish standards which are comparable to domestic standards for purity, wholesomeness, and sanitation. Directs the Secretary to inspect such imports. Subjects such imports to the Federal Food, Drug, and Cosmetic Act after entry. Requires that such imports be labeled (1) to indicate country of origin, and (2) as containing palm oil. Imposes a fine of not more than $1,000 or imprisonment for not more than one year or both for violation of the content labeling requirements. Increases this penalty to a fine of $10,000 or imprisonment for not more than three years or both where such violation involves intent to defraud.