A bill to amend section 553 of title 5, United States Code, to require submission to Congress of rules promulgated thereunder, and to provide for disapproval of such rules by enactment of a joint resolution of disapproval.

Requires that any substantive agency rule be transmitted to the Congress not later than 60 days prior to its proposed effective date. Stipulates that no such rule shall become effective if, within 90 days after such transmittal, Congress enacts a joint resolution stating that it does not favor such rule.