Congressional Oversight Act of 1980

[AI summary unavailable — showing source text] Congressional Oversight Act of 1980 - Requires the Committee on Rules and Administration of the Senate and the Committee on Rules of the House of Representatives (Committees) to develop, publish, and maintain a congressional inventory of Federal programs which classifies all Federal programs according to each congressional committee having legislative jurisdiction over such a program (legislative committee). Sets forth the procedure for developing and revising such inventory. Requires the inventory to identify: (1) each program by name and number; (2) the agency administering the program; (3) the statutes and regulations governing the program; (4) each legislative committee with respect to the program; (5) the most recent year in which the program was reviewed, established, or funded; and (6) the amount authorized to be appropriated, the budget authority provided, and the budget outlays made for the program for the most recently completed fiscal year. Directs the Comptroller General of the United States to prepare, publish, and annually update a supplement to the inventory which includes a cost effectiveness comparison of each program with other programs having similar objectives. …