Influenza Preparation and Vaccination Act - Amends the Public Health Service Act to provide that a health care facility must ensure that health care workers employed by, or providing services at, their facility are vaccinated for influenza in order to be eligible to receive Federal funds.
Requires the Secretary of Health and Human Services to: (1) award grants to eligible entities to conduct research and development to ensure an adequate supply of influenza vaccine; and (2) purchase from such entity any unused vaccines that were the subject of the grant.
Allows the Secretary to provide loans to State and local health departments to ensure the stability of their infrastructures by assisting in providing for a continuation of health services by department personnel.