Regulatory Reform Act

[AI summary unavailable — showing source text] Regulatory Reform Act - Requires the President to submit to Congress a plan recommending reforms with respect to the regulation of: (1) energy, the environment, housing, and occupational health and safety by specified Federal agencies by April 30, 1979; (2) transportation and communications by specified Federal agencies by April 30, 1981; (3) banking and finance, international trade, and Government procurement by specified Federal agencies by April 30, 1983; and (4) food, consumer health and safety, economic trade practices, and labor- management concerns by specified Federal agencies by April 30, 1985. States that each such plan shall include recommendations for reform of such specified agencies and shall report on the cumulative impact of all Government regulatory activity reviewed, up to that date, on specific industry groupings. States that if the President fails to submit such plans by the specified dates, the Senate and House Committees on Government Operations shall draft their own plans to be submitted to Congress for action. Requires the Comptroller General and the Congressional Budget Office, contemporaneously with the development of the President's plan, to submit a repo…