Congressional Office of Regulatory Policy Oversight Act

[AI summary unavailable — showing source text] Congressional Office of Regulatory Policy Oversight Act - Sets forth the findings of Congress that the Federal regulatory system has a substantial impact on the economic, natural, and social environment and that Congress presently lacks a system for timely analysis and approval or disapproval of regulatory activities. Title I: Establishment of Office - Establishes the Congressional Office of Regulatory Policy Oversight within the legislative branch of the Government. Establishes the Regulatory Policy Oversight Board to manage the Office. Requires the Office to analyze probable beneficial and adverse impacts of major regulatory action and to develop specific recommendations to improve the effectiveness and efficiency of regulatory agency activities. Directs the Office to provide assistance to any Congressional committee charged with overseeing any regulatory agency. Requires the Director of the Office to report annually to the Congress his recommendations to improve the efficiency of the regulatory process. States that the Board shall consist of twelve Members of Congress and the Director of the Office of Regulatory Policy Oversight. Lists the Director's responsibilities including: …