Federal Regulatory Review Act

Federal Regulatory Review Act - Establishes a Federal Regulatory Agency Review Commission to study the structures, policies and regulations of the regulatory agencies and make recommendations to the Congress to promote the elimination of practices which result in greater consumer costs, and to promote competition throughout American industry.

Authorizes the Commission to hold hearings and to have access to any information which is relevant to its function.

Directs the Commission to transmit an interim report to the Congress not later than six months after the Commission's first meeting and a final report six months later.

Provides that the Commission shall expire 30 days after the submission of the final report.