The "Grazing for Wildfire Risk Reduction Act" mandates the Secretary of Agriculture, acting through the U.S. Forest Service, to create and execute a comprehensive strategy. This strategy aims to significantly increase opportunities to utilize livestock grazing as a method for wildfire risk reduction across federal lands, coordinating with existing permit holders. Key provisions of the strategy include streamlining environmental reviews to permit grazing on vacant allotments during instances of drought, wildfire, or other natural disasters. It also promotes the use of targeted grazing and an increase in temporary permits to reduce fuel loads and control invasive annual grasses. Furthermore, the bill encourages the expanded use of grazing as a vital tool for post-fire recovery and restoration efforts where appropriate.