Regulatory Burden Reduction Act

Regulatory Burden Reduction Act - Requires Federal agencies to reduce the costs to small businesses, farms, and ranches of complying with major rules and data collection requirements by 25 percent by October 1, 1983. Directs the President to report to Congress on the progress made by each agency in fiscal years 1982 and 1983 in carrying out this Act.

Requires the President to transmit to Congress an annual report containing estimates of the benefits and compliance costs to such persons of the major rules and data collection requirement of each agency during the preceding and current years.