To establish procedures for the presentation and expedited consideration by Congress of the recommendations in the Federal Regulatory Reform Report prepared by the Office of Information and Regulatory Affairs, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Regulatory Reform Act of 2012''.
SEC. 2. FEDERAL REGULATORY REFORM REPORT.
(a) In General.--Subchapter I of chapter 35 of title 44, United States Code, is amended by-- (1) redesignating section 3521 as section 3522; and (2) by inserting after section 3520 the following new section: ``Sec. 3521. Federal Regulatory Reform Report ``(a) Report Required.--Not later than October 1 every four years, beginning with the first year following the date of the enactment of the Regulatory Reform Act of 2012, the Administrator of the Office of Information and Regulatory Affairs shall make available on a publicly available website and submit to Congress a report on Federal regulatory reform (in this section referred to as the `Federal Regulatory Reform Report'). ``(b) Contents of Report.--The Federal Regulatory Reform Report shall contain the following: ``(1) A list of rules that are determined to be outmoded, duplicative, ineffective, or excessively burdensome. ``(2) A list of recommendations to consolidate, modify, simplify, or repeal such rules to make such rules more effective or less burdensome. ``(3) A description of the justification for (including supporting data) and impact of the recommendations described in paragraph...