Government Agency Reform Act of 2012

Government Agency Reform Act of 2012 - Defines "efficiency-enhancing plan," for purposes of executive authority to reorganize federal executive agencies, as a reorganization plan that the Director of the Office of Management and Budget (OMB) determines will or is likely to result in a decrease in the number of agencies and cost savings in performing the functions that are the subject of the plan.

Expands executive authority to reorganize agencies by allowing: (1) the renaming of an existing executive department, (2) the abolition or transfer of an executive department or independent regulatory agency, or (3) the consolidation of two or more executive departments or two or more independent regulatory agencies.

Allows a provision in a reorganization plan to take effect only if such plan is transmitted to Congress within two years of the enactment of this Act and is an efficiency-enhancing plan.