Federal Program Performance Standards and Goals Act of 1992

Federal Program Performance Standards and Goals Act of 1992 - Amends Federal law to include in the Federal budget a performance standards and goals plan for the overall budget.

Directs the Office of Management and Budget (OMB) to issue regulations requiring each Federal department and agency to establish such a plan for each major expenditure category of its budget. Requires OMB to review and adjust such plans and establish an overall performance standards and goals plan for the Federal Government.

Requires each bill or resolution which provides for the authorization of appropriations or for the appropriation of funds to specify performance standards and goals for such authorization or appropriation.