Homeland Security Grant Review Act - Directs the Inspector General of the Department of Homeland Security (DHS), one year after this Act's enactment and every two years thereafter, to review the grants management and oversight practices of the Federal Emergency Management Agency (FEMA) with respect to the Urban Area Security Initiative grant program, the State Homeland Security Grant Program, public transportation security grants, railroad security grants, over-the-road bus security grants, and maritime transportation and facility security grants.
Requires such review to assess: (1) the FEMA workforce that administers such grants; (2) any additional resources and staff necessary to carry out management and oversight; (3) coordination with other DHS components with a role in assisting FEMA in managing and administering the grants; and (4) the procedures that grant recipients must follow to obligate and expend their grant awards.