Education and Training Partnership Act

[AI summary unavailable — showing source text] Education and Training Partnership Act - Establishes an Education and Training Partnership (ETP) as an independent Federal agency. Provides for a Board of Directors (the Board) of the ETP (composed of employer and labor representatives appointed by the President, by and with the advice and consent of the Senate). Provides that the Secretaries of Labor, Education, Commerce, and Health and Human Services shall also be members. Directs the President to select the Chairperson. Transfers to the ETP the functions of: (1) the Secretary of Labor under the Wagner-Peyser Act and the Job Training Partnership Act; and (2) the Secretary of Education under the Carl D. Perkins Vocational Education Act. Authorizes the Board to delegate any function under this Act to the Secretary of Labor and/or the Secretary of Education, except the approval of grant applications. Sets forth provisions relating to Board personnel, property and personnel transfers, and administrative powers. Authorizes the Secretaries of Labor and Education to reduce the size of their Departments as necessary by reason of transfers made under this Act. Requires the Board to make annual reports on ETP activities to the President fo…