Independent Agencies Regulatory Improvements Act

[AI summary unavailable — showing source text] Independent Agencies Regulatory Improvement Act - Directs the head of each independent regulatory agency to revise the rulemaking procedures of the agency in order to: (1) minimize the paperwork required of such procedures; and (2) provide for public participation in such procedures. States that criteria for identifying significant agency rules shall be established by each agency head and must include consideration of: (1) the persons and organizations affected, the paperwork required, and the direct and indirect effects caused by the rule; and (2) the relationship of the rule to rules of other programs or agencies. Requires each agency head to publish in the Federal Register at least twice a year an agenda of the significant rules under development or review by that agency. Sets forth the information concerning each rule which must be included in such agenda. Specifies that there must be a 60-day period provided for public comment on proposed significant rules. Requires each agency head to approve proposed significant rules before they are published in the Federal Register. Directs the agency head to approve such rule upon determining that: (1) the impact and requirements of and p…