Regulatory Reform Act of 1981

Summary

Regulatory Reform Act of 1981 - Requires the President to submit to Congress plans recommending regulatory reforms for specified Federal agencies in the areas of: (1) banking and finance; (2) energy and the environment; (3) commerce, transportation, and communications; (4) food, health and safety, and trade practices; and (5) labor, housing, Government procurement, and small business. Sets forth deadlines for submission of such plans. Directs that each plan establish more efficient organizational and administrative forms for the regulation of commerce and include provisions necessary to modify or abolish existing agencies and functions so as to eliminate overlapping regulatory jurisdictions and anticompetitive regulations. States that if the President fails to submit such plans by the specified dates, the committees of Congress which have legislative jurisdiction over such areas, in cooperation with the respective committee on Government Operations of the House or the Senate, shall draft their own plans to be submitted to Congress for action. States that if no comprehensive reform legislation is enacted by December 31 of the year in which a reform plan is submitted by the President: (1) the President's plan as submitted shall become effective on March 15 of the following year unless it is disapproved by Congress; and (2) all the rules of agencies affected by such plan shall expire on June 30 of the following year.

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Documents

1 official file

• Introduced in House

  summary · EN · 22 January 1981

  Open at official source

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