Congressional Office of Regulatory Analysis Creation and Sunset and Review Act of 2011

[AI summary unavailable — showing source text] Congressional Office of Regulatory Analysis Creation and Sunset and Review Act of 2011 - Establishes a Congressional Office of Regulatory Analysis. Transfers to the Director of such Office the Comptroller General's responsibilities for the congressional review of agency rules. Requires the Director's report on a major rule to include an analysis of the rule, including potential benefits and costs and an analysis of less costly alternatives. Requires the Office to: (1) conduct an assessment and analysis of any non-major rule upon request by a congressional committee or Member; and (2) issue an annual report including estimates of the total costs and benefits of all existing federal regulations. Amends the Unfunded Mandates Reform Act of 1995 to transfer to the Director the responsibilities of the Director of the Congressional Budget Office (CBO) to: (1) compare agency and CBO estimates of costs of regulations implementing an Act containing a federal mandate; and (2) receive agency statements to accompany significant regulatory actions. Sets forth requirements for agencies to review their significant rules to determine whether they should be continued without change, modified, consol…