The Regulatory Accountability Act is one of the most comprehensive regulatory reform bills under consideration by the Congress.
It should be noted that more than three decades ago Senator Dale Bumpers of Arkansas, a senator with a near 100% rating by liberal groups, introduced the Bumpers Amendment, a proposal to improve the regulatory process by eliminating the deference accorded to agency decisions.
It is very possible that the Bumpers Amendment would have passed had it not been subject to immense opposition by the Carter White House. An Index of OMB internal papers identifies a White Memorandum on Bumpers (Item 3) which CRE is trying to locate.