Bus Regulatory Reform Act of 1981

[AI summary unavailable — showing source text] Bus Regulatory Reform Act of 1981 - Sets forth the findings of Congress regarding a safe, competitive, and fuel-efficient motor bus system. Requires the appropriate congressional committees to conduct periodic oversight hearings on the effects of this Act no less than annually until July 1, 1985. Amends the Interstate Commerce Act to include the interstate motor carrier transportation of passengers in the overall transportation policy of the United States. Revises the entry policy for motor carriers of passengers, motor contract carriers, and brokers of passengers. Directs the Interstate Commerce Commission (ICC) to implement by regulation, within 180 days after the effective date of this Act, procedures to process expeditiously applications of motor carriers of passengers to remove certain operating restrictions. Requires the ICC to consider the adverse effects of such removals on commuter bus operations. Allows a motor common carrier of passengers to transport special or charter passengers in the same motor vehicle with regular-route passengers. Describes ratemaking procedures and the use of rate bureaus by motor carriers of passengers. Amends the Motor Carrier Act of 1980 to inc…