Free and Fair Elections in Ethiopia Act - Expresses the sense of Congress that: (1) the Government of the Federal Democratic Republic of Ethiopia should hold national elections in May 2005 in order to ensure the long-term growth and stability of the country; (2) it is critical that the elections are deemed by the people of Ethiopia as free and fair and provide the winner a clear mandate to govern the country; and (3) the Government of Ethiopia and opposition parties should continue their dialog toward resolving elections-related issues.
Authorizes the President, through the Administrator of the U.S. Agency for International Development, to provide grants to nongovernmental organizations to monitor such election.