High-Risk Research and Development Contract Administration Act

High-Risk Research and Development Contract Administration Act - Prohibits the Administrator of the National Aeronautics and Space Administration (NASA) from entering into any contract which contains a waiver of negligence liability provisions, unless such official determines that, due to inherent risks in the project, no contractor is likely to bid on the project without such provisions and that the use of such provisions would significantly lower the costs to NASA.

Requires NASA to report to the Congress on the use of such provisions.

Requires the Comptroller General to: (1) report annually to the Congress, reviewing such determinations by NASA's administrator; and (2) conduct a Government-wide study and report to the Congress on the use of such provisions in saving costs to the Government and on the availability of private insurance for contractor negligence in research and development projects.