National Commission on Regulatory Reform Act

[AI summary unavailable — showing source text] National Commission on Regulatory Reform Act - Establishes, in the executive branch of the Federal Government, a National Commission on Regulatory Reform. States that the Commission shall identify regulatory activities of the Independent Regulatory Agencies for detailed review, and conduct such review which shall include, but shall not be limited to: (1) an analysis of the purposes and objectives of the regulatory activities; (2) an assessment of actual performance in achieving the purposes and objectives; (3) an analysis of the costs and benefits of each activity; and (4) an examination of State and local governmental regulatory activities which interact with the Federal independent regulatory system. Directs the Commission to prepare and transmit a report to the President and Congress not later than one year following the appointment of the full Commission. States that the report shall include: (1) the results of the detailed review conducted pursuant to this Act; (2) appropriate revisions to overall goals and procedures of specific Federal regulatory authorities; (3) specific recommendations for legislative actions which would improve the effectiveness or the efficiency of the F…