Regulatory Reduction and Congressional Control Act

[AI summary unavailable — showing source text] Regulatory Reduction and Congressional Control Act - Title I: Congressional Review of Agency Rulemaking - Requires each Federal agency upon promulgating a rule to prepare, publish, and submit to Congress and the General Accounting Office (GAO): (1) a statement of the need of the rule; (2) a preliminary analysis of the economic impact of the rule; (3) an economic impact statement disclosing the costs and benefits expected to result from the rule; (4) estimates of the paperwork requirements imposed by the rule; and (5) estimates of the effects of the rule on the operation, workload, and efficiency of the Federal courts. Makes it the responsibility of the Administrator of General Services to enforce prompt publication of such material. States that any such rule shall not become effective if it is disapproved within 60 days by one House of Congress and no action is taken on the disapproval resolution by the other House. Provides that either House of Congress may, by resolution, require any agency to reconsider and resubmit any rule to which this Act applies. Requires that such proposed rule be repromulgated anew in accordance with all the provisions of this Act unless it is reconsidere…