Independent Regulatory Agency Reform Act

Indepentent Regulatory Agency Reform Act - Stipulates, under the provisions of the Budget and Accounting Act, that each of the following agencies shall transmit its estimates and requests for regular, supplemental, and deficiency appropriations directly to the Senate and House of Representatives simultaneously with any transmittal of such estimates and requests to any other agency of the Government: the Civil Aeronautics Board, the Federal Communications Commission, the Nuclear Regulatory Commission, the Federal Power Commission, the Federal Trade Commission, the Interstate Commerce Commission, the Securities and Exchange Commission, and the Federal Maritime Commission.

Requires that any requesting legislation, made by such agencies shall be submitted directly to the Congress.

Stipulates that any determination to collect information, any plan or form to be used in the collection of information, and the collection of information, by such agencies or by the Consumer Product Safety Commission shall not be submitted to, or subject to the approval of, the Office of Management and Budget or any other authority.

Makes agency reforms with respect to: (1) the control of litigation; (2) the appointment and tenture of agency chairman, vice chairman, and other members; and (3) independence in apportioning appropriations.

Directs each indepentent regulatory agency to submit to the Senate and House of Representatives an annual regulatory activity report detailing information on significant changes in regulatory policy as implemented in rules or in adjudication; judicial decisions which materially affects the administration of the agency's regulatory authority, progress reports on all proceedings, investigations, and any other agency actions which Congress requires; and such other information as the Congress may require.

Directs each independent regulatory agency to submit to the Senate and the House of Representatives a planning report within ten days after the end of the fiscal year beginning July 1, 1976, and every fourth fiscal year thereafter. Stipulates the content of such report.

Requires that not later than 30 days before the effective date of any proposed rule and not later than ten days after it issues any order, each independent regulatory agency shall make available to the public a description of every written and oral communication on behalf of any party affected by that rule or order from any Member of Congress to any Commissioner, Board member, administrative law judge, employee, or agent of the independent regulatory agency concerning or relevent to the proposed rule or order.

Authorizes appropriations to carry out this Act.