Regulatory Agency Appointment Reform Act

[AI summary unavailable — showing source text] Regulatory Agency Appointment Reform Act - Sets forth the purposes of the Act which include, the establishment of a bipartisan nominating board to submit to the President lists of individuals qualified to be appointed as commissioners of specified regulatory agencies, to provide a selection process which will insure a reduction of political influence in such selections, to provide methods to insure that official actions taken by commissioners shall not be influenced by considerations of reappointment, and to prohibit commissioners of a regulatory agency from accepting employment in an organization regulated by such agency during the 24-month period immediately after the termination of the commissioner's service on such agency. Defines terms used in this Act. Establishes as an independent agency of the Federal Government, the Federal Regulatory Agency Nominating Board to carry out the provisions of this Act. Requires each member of the Board to file an annual financial disclosure report with the Comptroller General. Provides that commissioners of regulatory agencies may only be appointed by the President, by and with the advice and consent of the Senate, from among the individuals n…