Federal Emergency Assistance and Preparedness Administration Act

Federal Emergency Assistance and Preparedness Act - Establishes the Federal Emergency Assistance and Preparedness Administration headed by a Director who shall be a permanent member of the National Security Council. Requires the Director to establish within the Administration the Offices of Disaster Assistance, Emergency Preparedness, and Program Evaluation, and an Emergency Information Center.

Requires the Administration to implement and coordinate all Federal disaster assistance and emergency preparedness programs; develop policies with respect to industrial mobilization and economic readiness for emergencies relating to the national defense, undertake research and development to improve programs under its cognizance; and to gather data on natural, economic, and other phenomena for predicting and planning for industrial and economic mobilization and emergencies and disasters. Directs the Director to make such collected data available to the public and to provide such data to States and localities on a regular basis.

Requires the heads of Federal agencies with jurisdiction over any program relating to emergency preparedness or disaster assistance to report annually to the Director on the status of such program. Requires the Director to coordinate such programs with States and localities participating in or applying for such assistance.

Transfers to the Administration the functions and authorities of specified agencies respecting programs within the Administration's jurisdiction. Requires the Administration to report annually to Congress.

Extends until September 30, 1980, the termination dates of specified provisions of the Federal Civil Defense Act, including those which empower the President to declare a civil defense emergency.