Foreign Language Satellite Training Center Act of 1992

Foreign Language Satellite Training Center Act of 1992 - Directs the President to establish a branch training facility (the Center) of the Foreign Service Institute, in which Spanish language and area studies training will be offered to foreign service officers, U.S. Government employees, and others to be determined by the President.

Requires the Center also to provide Spanish language training programs to State and local workers and volunteers who provide important services to the Spanish-speaking community.

Requires the Center to be located in one of the boroughs of the City of New York in a community where U.S. census data reveals a high concentration of Spanish-speaking residents. Sets minimum funding requirements and a deadline for operations to begin at such facility. Requires the Center to make maximum efforts to provide employment opportunities for residents of the surrounding community. Requires Center employees, to the extent practicable, to be residents in or near the community where the Center is located. Requires the Center to try to provide community outreach and education programs.

Requires the President to submit a report to the Congress evaluating the Center.