Regulatory Reduction and Congressional Control Act of 1981

[AI summary unavailable — showing source text] Regulatory Reduction and Congressional Control Act of 1981 - Amends the Administrative Procedure Act to require Federal agencies to give interested persons at least 60 days after publication of a general notice to participate in a proposed rulemaking. Allows an agency to adopt an emergency rule, temporarily, without regard to specified time constraints. Provides expedited procedures for the adoption of a rule to replace an emergency rule. Directs each agency to publish, with each proposed or final rule, a summary of the problem requiring Government regulation and a preliminary analysis of the costs imposed by the rule. Requires each agency to submit such summary and analysis with a copy of each recommended final rule to the Senate and the House of Representatives. Prohibits such a rule from becoming effective if one House adopts a resolution disapproving the rule within 60 days of continuous session of Congress and the other House does not disapprove such resolution within 30 days thereafter. Specifies factors to be considered by a congressional committee when determining whether or not to report such a resolution. Allows an agency to issue a modified rule relating to the same area…