Oil Spill Technology and Research Act of 2012

Oil Spill Technology and Research Act of 2012 - Amends the Oil Pollution Act of 1990 to replace provisions establishing the Interagency Coordinating Committee on Oil Pollution Research with provisions establishing a Federal Oil Spill Research Committee for the same purpose.

Requires the Committee to: (1) submit to Congress within 180 days and update every five years a report on the state of oil discharge prevention and response capabilities; (2) establish an oil pollution research and development program that provides for research, development, and demonstration of technologies and methods that are effective in preventing, detecting, responding to, mitigating, and restoring damage from oil discharges and that protect the environment; and (3) submit a plan for the implementation of such program to Congress within 180 days after submitting such report.

Requires the Under Secretary of Commerce for Oceans and Atmosphere to: (1) designate a Chairperson from among committee members, and (2) manage a program of competitive grants to universities or research institutions for conducting such program.

Amends the Federal Water Pollution Control Act (commonly known as the Clean Water Act) to require vessel and facility response plans for responding to a worst case discharge of oil or a hazardous substance to: (1) be updated at least every five years and resubmitted for approval upon each update; (2) require the use of the best available technology and methods to contain and remove a worst-case discharge and to mitigate or prevent a substantial threat of such a discharge; and (3) include investments in research relating to oil discharges, risk assessment, and development of technologies for oil discharge response and prevention.

Requires: (1) the Secretary of the Department in which the Coast Guard is operating to establish a program for the formal evaluation and validation of oil pollution containment and removal methods and technologies, and (2) each technology and method validated to be included in the comprehensive list of discharge removal resources maintained through the Coast Guard's National Response Unit.