Peer Review and Grants Management Act

Peer Review and Grants Management Act - Adds a new title to the National Science Foundation Act. Requires the Director of the National Science Foundation to establish a Peer Review Office to administer a peer review system for the evaluation of all grant proposals submitted to the Foundation.

Directs the Office to: (1) maintain a list of peer reviewers available to evaluate grant proposals submitted to the Foundation; (2) maintain a log of all solicitations by program officers of evaluations; (3) maintain a list of all proposals submitted for funding during each fiscal year; (4) furnish to applicants upon request the names and institutional affiliation of all peer reviewers and complete signed copies of all peer review evaluations; and (5) report to Congress all information required to be maintained by the Office.

Requires the Foundation to establish provisions for appellate procedures to independently review, upon request of any applicant, proposals disapproved by the Foundation.

Directs the Foundation to establish a program to upgrade the science programs of small public and private four-year institutions of higher education in all areas of the country.

Requires the Foundation to provide complete information, data, and documents to applicants, Members and committees of Congress, and the general public.