Intergovernmental Consumers' Counsel Act

Intergovernmental Consumers' Counsel Act - Establishes within the executive branch of the Government an independent agency to be known as the United States Office of Consumers' Counsel to be headed by a Consumers' Counsel who shall be appointed for a term of five years by the President by and with the advice and consent of the Senate.

Permits the Counsel to promulgate rules and regulations necessary to carry out the functions of the Office. Permits the Counsel to appoint and fix the compensation of necessary personnel.

Permits the Counsel to represent the public interest in Federal or State actions which in the opinion of the Counsel affect the economic interests of consumers. Directs the Counsel from time to time to compile and disseminate to the public such information as he considers to be necessary or desirable for the protection of the economic interests of consumers. Directs the Counsel annually to transmit to the Congress: (1) a full and complete description of the activities of the Office during the preceding calendar year; (2) a discussion of matters currently affecting the economic interests of consumers; and (3) his recommendations for the solution of any problems adversely affecting those interests.

Directs the Counsel to transmit to the President from time to time such recommendations for proposed legislation as the Counsel may consider to be necessary or desirable for the adequate protection of the economic interests of consumers.

Authorizes the Counsel to make Federal grants to State or local governments that serve a population of 100,000 or more persons for the cost (up to 75 percent of the cost) of establishing and carrying out the functions of an Office of Consumers' Counsel. Authorizes the Counsel to make Federal grants to nonprofit organizations and universities for the purpose of making studies and reports, and the collecting and dissemination of information relating to Federal and State laws, regulations, and decisions affecting consumers. Authorizes necessary appropriations to carry out the purposes of this Act.