Regulatory Reduction and Congressional Control Act

[AI summary unavailable — showing source text] Regulatory Reduction and Congressional Control Act - Requires each Federal agency upon publication of each proposed and final rule to prepare, publish, and submit to Congress and the Comptroller General: (1) a statement of the need of the rule; and (2) a preliminary analysis of the economic impact of the rule. Requires, with respect to proposed major and final rules, as such rules are defined in this Act: (1) an economic impact statement disclosing the costs and benefits expected to result from the rule; (2) estimates of the paperwork requirements imposed by the rule; (3) estimates of the effects of the rule on the operation, workload, and efficiency of the Federal courts; and (4) an index of all other rules pertaining to the same subject matter. Makes it the responsibility of the Administrator of General Services to enforce prompt publication of such material. Authorizes the appropriate committees of Congress to review any such rule to determine whether it is economical and consistent with existing law and congressional intent. 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…