Megan's Law Implementation Act

Megan's Law Implementation Act - Amends the Jacob Wetterling Crimes Against Children and Sexually Violent Offender Registration Act to require the Director of the Bureau of Justice Assistance to award a grant to each eligible State to offset costs directly associated with complying with the Act. Names such grant program the Sex Offender Management Assistance Program (SOMA).

Directs that grants awarded be: (1) given directly to the State for distribution to State and local entities; and (2) used for training, salaries, equipment, materials, and other costs directly associated with complying with the Act.

Requires a chief executive of a State, to be eligible for such a grant, to submit to the Director annually an application assuring that the State: (1) complies with such Act; and (2) has penalties comparable to or greater than Federal penalties for crimes listed in such Act.

Requires the Director to conduct a study to assess the efficacy of SOMA and submit recommendations to the Congress. Authorizes appropriations.