Earthquake Hazards Reduction Act

Earthquake Hazard Reduction Act - Directs the President to establish: (1) a coordinated National Earthquake Hazard Reduction Program; (2) an Office of Earthquake Hazard Reduction; (3) a National Advisory Committee on Earthquake Hazard Reduction; and (4) an Earthquake Prediction Evaluation Board.

Specifies the duties of the Office of Earthquake Hazard Reduction, including developing and maintaining an Earthquake Hazard Reduction Program plan and staffing and assisting the National Advisory Committee.

Directs the National Advisory Committee to review and advise the Office of Earthquake Hazard Reduction regarding the progress, implementation, and coordination of the Earthquake Hazard Reduction Program.

Enumerates the Federal agencies to be assigned responsibilities in the Earthquake Hazard Reduction Program. Details the elements of the Program, including physical studies; structural studies; social, legal and economic research; and practical application of knowledge concerning earthquakes.

Directs the Earthquake Prediction Evaluation Board to evaluate individual earthquake predictions, compile and maintain a public record of the performance of prediction methods, and issue authenticated earthquake predictions if and when earthquake prediction becomes a sufficiently reliable science.