Independent Regulatory Agency Act

[AI summary unavailable — showing source text] Independent Regulatory Agencies Act - Provides that the term "independent regulatory agency" means the Civil Aeronautics Board, the Federal Power Commission, the Federal Trade Commission, the Interstate Commerce Commission, the Securities and Exchange Commission, the Consumer Product Safety Commission, or any other agency which the Congress by law provides is an independent regulatory agency for purposes of this Act. Provides that the President shall appoint the chairmen of the Civil Aeronautics Board, the Federal Communications Commission, the Federal Power Commission, the Federal Trade Commission, the Interstate Commerce Commission, and the Consumer Product Safety Commission from among the members of such bodies by and with the advice and consent of the Senate, and that each such member shall serve in such capacity until the expiration of his term of such body. Revokes the power of the President to remove for inefficiency a member of the Civil Aeronautics Board, the Federal Trade Commission, and the Interstate Commerce Commission. Authorizes the President to remove for neglect of duty or malfeasance in office a member of the Federal Communications Commission, the Federal Power Co…