Federal Cost Reduction Act of 2011

[AI summary unavailable — showing source text] Federal Cost Reduction Act of 2011 - Requires: (1) the Director of the Office of Management and Budget (OMB) to issue recommendations for reducing or consolidating the number of federal data centers by at least 40% by the end of FY2016 and by at least 80% by the end of FY2021, and (2) executive agency heads to implement such recommendations within six months after their issuance. Requires the Administrator of General Services (GSA) to report on: (1) recommendations to reduce long-term real estate costs and energy expenditures; and (2) federal employee parking expenses, with a plan to reduce such expenses. Requires executive agency heads to establish a plan to reduce the volume of material printed for fiscal years 2012 through 2022 and to require duplex printing on all federal printers and copiers. Requires the Director of the Office of Personnel Management (OPM) to submit a plan to implement federal employee cost savings proposals. Authorizes executive agency heads to enter into cost-effective power purchase agreements for the purchase of electricity from federally-owned or controlled renewable energy sources. Establishes in the Treasury the Federal Facility Energy Efficiency and R…