This legislation would establish a pilot project to support Congressional oversight to ensure that important regulatory decisions are efficient, effective, and fair.   Under the 3-year pilot project established by this legislation, a Committee of either House of Congress may request the Comptroller General to review an economically significant rule as it is being developed. The Comptroller General shall submit a report no later than 180 calendar days after a committee request is received. This should allow Congress to engage in oversight of the rule or to decide whether it wants to disapprove the rule under the Congressional Review Act.  

S. 1244, introduced by Chairman Thompson on June 18, 1999, is co-sponsored by the following Senators.