The bill proposes to provide financial assistance to States and other agencies and institutions to assist them to: operate and improve existing programs of vocational education; develop new programs of vocational education; provide vocational guidance, counseling, and placement; and provide part-time employment for those who need it. Details are set forth on the apportionment of funds and on the role of national and State advisory councils. Grants to States under this Act are to be used for: vocational-technical programs of instruction, work-experience programs, vocational education personnel development and training, and implementation of previously supported projects and activities. Grants may also be used to help provide specific vocational education services: guidance and counseling; provision of opportunities in private vocational schools; equipment, maintenance, and operation; administration, supervision, planning, and evaluation of programs; acquisition, analysis, and dissemination of data; personnel exchange; use of media and of student, parent, and citizen involvement; operation of business activities in connection with vocational education programs; placement and followup; maintenance and operation of industrial arts courses; and work-study programs. Grants are also provided for research, innovation, and demonstration. (Author/PR)