Federal Research Public Access Act of 2012 - Requires each federal agency with extramural research expenditures of over $100 million to develop a specified federal research public access policy that is consistent with, and that advances, the purposes of the agency.
Makes each federal research public access policy applicable to: (1) researchers employed by the federal agency whose works remain in the public domain; and (2) researchers funded by the agency. Specifies exclusions.
Requires the submission of annual reports by each federal agency on its federal research public access policy.