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Highlights

Comments were provided on the Regulatory Flexibility and Administrative Reform Act of 1979, a bill which proposed to: (1) provide for explicit congressional oversight vested in the Congressional Budget Office (CBO); and (2) establish the Regulatory Policy Board, to provide for the regulatory analysis of proposed rules, to require the evaluation of existing regulations, to require Congress and the President to review certain regulatory agencies, to increase competition in regulated industries, and to make other improvements in regulatory procedures. GAO expressed support for the thrust of the bill but made several suggestions for improving it.

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