Federal Agency Performance Review and Sunset Act - Authorizes the President to submit to Congress a schedule for reviewing the performance of, and need for, executive branch agencies and programs at least once every 10 years. Establishes a Sunset Commission to review them. Requires: (1) the Commission to submit to the President annual reports containing its assessment and recommendations concerning each agency and program reviewed; and (2) the President to submit to Congress such reports and any needed legislation.
Specifies procedures for expedited congressional consideration of any schedule for reviewing the performance of, and need for, executive branch agencies and programs under this Act.