Public Interest Regulatory Review Act

[AI summary unavailable — showing source text] Public Interest Regulatory Review Act - Establishes, for a period of one year, as an independent instrumentality in the executive branch of the Federal Government, a National Commission on Regulatory Reform. Directs the Commission to prepare a comprehensive report to the President and Congress containing its findings, conclusions, and recommendations concerning the Federal regulatory agencies with respect to: (1) deficiencies within the regulatory process which contribute to inflation, lessen competition, or adversely affect the public and regulated industries; (2) the extent to which certain areas of the economy are over-regulated or under-regulated; (3) the economic costs and benefits of regulation; (4) the continued appropriateness or applicability of original regulatory purposes and objectives and an evaluation of the purposes which regulation should now serve; (5) the consequences to the Nation of selective deregulation or modification of regulation; (6) the need for increased antitrust enforcement; (7) specific recommendations for legislative action to improve the effectiveness, efficiency, and responsiveness to the public of Federal regulatory agencies; (8) evaluation of oth…