The AID Youth Employment Act establishes two competitive grant programs to fund subsidized employment opportunities for young people ages 14 through 24. The summer employment program would receive up to $1.8 billion while the year-round program would receive up to $2.4 billion over a five-year period from fiscal years 2024 through 2028. Eligible recipients include states, local governments, Indian tribes, and community-based organizations working in partnership with schools, workforce agencies, employers, and social service providers. The grants support both planning activities and full program implementation, with planning grants capped at $250,000 for one year and implementation grants up to $6 million over three years. The bill prioritizes serving marginalized youth including homeless individuals, those involved in the justice system, and out-of-school youth, while requiring at least 20 percent of funds for rural areas and 5 percent for tribal areas. Programs must provide work readiness training, mentorship, and clear pathways to further education or employment, and the bill requires annual performance reviews and quality improvement measures.