To amend the Congressional Budget Act of 1974 to authorize and direct the Director of the Congressional Budget Office to prepare estimates of the impact of proposed Federal agency rules affecting the private sector.

Amends the Congressional Budget Act of 1974 to require the Director of the Congressional Budget Office, at the request of the chairman or ranking member of any congressional committee (or subcommittee thereof), to prepare a report estimating the cost to the private sector of any proposed Federal agency rule for the first fiscal year for which the rule will take effect and each of the four ensuing fiscal years.