Truth in Regulation Act

[AI summary unavailable — showing source text] Truth-in-Regulation Act - Requires the Environmental Protection Agency and all Federal regulatory agencies to prepare with respect to each rule promulgated by such agencies: (1) a statement comparing the private costs of such rule with the benefit such rule would have on the environment; and (2) an environmental impact statement. Establishes standing task forces in each community affected by proposed agency rules to assess the economic and employment impact of each such rule. Requires Congressional approval of any such rule which will cause an increase in unemployment.…