Federal Energy Research Priorities Act

Federal Energy Research Priorities Act - Establishes the Department of Energy Facilities Closure and Reconfiguration Commission.

Directs the Secretary of Energy to publish in the Federal Register and transmit to the congressional energy committees (the committees) the criteria proposed to be used in making recommendations for the closure or reconfiguration of Department of Energy (DOE) facilities resulting in a 25 percent budget reduction for such facilities.

Requires the Commission to report to the President and the committees on its analysis and review of the Secretary's recommendations.

Directs: (1) the Comptroller General to transmit to the committees amd the Commission a detailed analysis of the Secretary's recommendations; and (2) the President to transmit to the committees his approval or disapproval of them.

Sets forth procedural guidelines for the closure and reconfiguration of DOE facilities. Establishes the Department of Energy Facility Closure Account to receive the proceeds resulting from the closures and reconfiguration under this Act. Requires the Secretary to submit a status report to the committees concerning: (1) the Account; and (2) implementation of the closure and reconfiguration actions.

Prescribes guidelines for congressional consideration and disapproval of the Commission's report. (Provides for implementation of the recommendations if the Congress does not disapprove.)