Regulatory Accountability Act of 1979

[AI summary unavailable — showing source text] Regulatory Accountability Act of 1979 - Prohibits either House of Congress from considering any bill or joint resolution reported from committee, any amendment thereto, or any conference report unless such legislation is accompanied by a regulatory impact statement. Requires each such statement to include: (1) an estimate of the number of individuals and businesses which would be regulated; (2) a determination of the economic impact of the proposed legislation on such regulated persons and on consumers; (3) an evaluation of the impact of such legislation on the personal privacy of affected individuals; and (4) a determination of the paperwork impact of such legislation. Allows the Committee on Rules of the House of Representatives to report a resolution waiving such prohibition if the Committee determines that emergency conditions require such a waiver. Permits the chairman of a committee of the Senate reporting a bill, the proponent of an amendment, or the chairman of a conference committee to introduce such a resolution to be referred to the Committee on Rules and Administration of the Senate. Directs such Committee to report the resolution, accompanied by the Committee's recomme…