Fast Track Advanced Apprenticeships Now Act This bill requires the Department of Labor to make a determination on whether to approve an application for certain occupations as apprenticeable occupations within 45 days after its receipt or else provide the applicant with a written explanation for the delay and offer an estimated timeline for a determination within 90 days after the explanation. Furthermore, Labor must convene—on an ongoing basis and take into consideration recommendations of the National Advisory Committee on Apprenticeships—certain industry sector leaders and experts to establish or update specific frameworks of industry-recognized occupational standards for current and potential apprenticeable occupations that (1) meet federal regulations governing safety and health standards and equal employment opportunity in apprenticeships; and (2) describe program scope and length, related instructions, on-the-job training, recognized postsecondary credentials, and competencies, and relevant timelines for review of such frameworks.