Bill summaries are authored by CRS.

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Passed House amended (12/14/2009)

Federal Financial Assistance Management Improvement Act of 2009 - (Sec. 2) Amends the Federal Financial Assistance Management Improvement Act of 1999 (FFAMIA) to repeal its termination date (thus extending it indefinitely).

(Sec. 3) Requires the Director of the Office of Management and Budget (OMB) to establish and maintain a public website, meeting specified criteria, that serves as a central point of information and access for federal grant applicants, including grant: (1) announcements; (2) statements of eligibility; (3) application requirements; (4) purposes; (5) federal agency providers; and (6) deadlines for applying and awarding.

Requires the website to allow grant applicants to apply for grants on it, among other uses.

(Sec. 4) Requires OMB to report to Congress on: (1) the implementation of FFAMIA; and (2) a strategic plan specifying federal financial assistance progams suitable for common applications and reporting forms or requirements, changes in law (if any) needed to achieve the goals of this Act, and plans, timeliness, and cost estimates for developing an entirely electronic, web-based process for managing federal financial assistance.

(Sec. 5) Requires the head of each federal agency that has not been exempted from FFAMIA to develop a plan that describes how it will carry out its responsibilities under the strategic plans.

(Sec. 6) Requires OMB to adopt: (1) a single data standard for the collection, analysis, and dissemination of business and financial information for use by private sector entities for information required to be reported to the federal government; and (2) a separate single data standard for the use by federal agencies for federal financial information.

Requires each federal agency to require the use of the single data standard for information the private sector must report to agencies for: (1) all applications for federal financial assistance; and (2) all reports on the use of such assistance that the agency requires non-federal entities to submit.