SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Industrial Regulatory Relief 
Commission Act''.

SEC. 2. ESTABLISHMENT.

    There is established an independent commission to be known as the 
``Industrial Regulatory Relief Commission'' (hereinafter in this Act 
referred to as the ``Commission'').

SEC. 3. PURPOSE OF COMMISSION.

    (a) In General.--The purpose of the Commission is to develop and 
submit, to the President and the Congress, recommendations for reducing 
the regulatory burden to the manufacturing, housing, and biotechnology 
industries nationwide.
    (b) Requirements.--The recommendations of the Commission shall be 
developed in a manner so as to promote investment in the industries 
specified in subsection (a).

SEC. 4. MEMBERSHIP.

    (a) Number and Appointment.--
            (1) In general.--The Commission shall be composed of 8 
        members appointed by the President, by and with the advice and 
        consent of the Senate.
            (2) Nominations.--The President shall submit to the Senate 
        the President's nominations for appointment to the Commission 
        no later than 30 days after the date of the enactment of this 
        Act.
    (b) Consultation.--In selecting individuals for nomination for 
appointment to the Commission, the President shall consult with--
            (1) the Speaker of the House of Representatives concerning 
        the appointment of 2 members;
            (2) the majority leader of the Senate concerning the 
        appointment of 1 member;
            (3) the minority leader of the House of Representatives 
        concerning the appointment of 1 member; and
            (4) the minority leader of the Senate concerning the 
        appointment of 1 member.
    (c) Chairman.--At the time the President nominates individuals for 
appointment to the Commission, the President shall designate 1 such 
individual to serve as Chairman of the Commission.
    (d) Terms.--Each member shall be appointed for the life of the 
Commission.
    (e) Meetings.--
            (1) Frequency.--The Commission shall meet at the call of 
        the Chairman or a majority of its members.
            (2) Open meetings.--Each meeting of the Commission shall be 
        open to the public.
    (f) Pay.--Each member shall be paid at the rate equal to the daily 
equivalent of the rate payable for level IV of the Executive Schedule 
under section 5315 of title 5, United States Code, for each day during 
which the member is engaged in the actual performance of duties vested 
in the Commission.

SEC. 5. STAFF.

    The Commission may appoint and fix the pay of such personnel as it 
considers appropriate, except that not more than one-third of the 
personnel employed by or detailed to the Commission may be on detail 
from a Federal agency.

SEC. 6. REPORTING REQUIREMENTS.

    (a) Relating to the Commission.--The Commission shall transmit a 
report to the President and the Congress not later than 90 days after 
the Commission is appointed. Such report shall contain the 
recommendations of the Commission (as described in section 3(a)), 
including recommendations relating to any legislation or other measures 
which the Commission considers necessary, with particular attention to 
the methodology used by the Commission.
    (b) Relating to the President.--The President shall transmit a 
written report to the Congress, not later than 10 days after receiving 
the report of the Commission, in which the President shall indicate--
            (1) approval, in which case the Congress shall introduce 
        these recommendations as a joint resolution; or
            (2) disapproval, in which case the President shall submit 
        changes to the Commission within 10 days.
The Commission shall have an additional 10 days to consider changes 
submitted to the President and submit a final report to Congress.

SEC. 7. CONGRESSIONAL CONSIDERATION OF COMMISSION REPORT.

    (a) Terms of the Resolution.--For purposes of this Act, the term 
``joint resolution'' means only a joint resolution which is introduced 
within a 10-day period beginning on the date on which the President or 
the Commission transmits the report to Congress and--
            (1) which does not have a preamble;
            (2) the matter after the resolving clause of which is as 
        follows: ``That Congress approves the recommendations of the 
        Industrial Regulatory Relief Commission as submitted by the 
        President on ________________'', the blank space being filled 
        by the appropriate date; and
            (3) the title of which is as follows: ``Joint resolution 
        approving the recommendations of the Industrial Regulatory 
        Relief Commission.''.
    (b) Referral.--A resolution described in subsection (a) that is 
introduced in the House of Representatives shall be referred to the 
Committee on ____________. A resolution described in subsection (a) 
introduced in the Senate shall be referred to the Committee on 
__________________________.
    (c) Discharge.--If the committee to which a resolution described in 
subsection (a) is referred has not reported such resolution (or an 
identical resolution) by the end of the 20-day period beginning on the 
date on which the President transmits a report to the Congress under 
section 6(b), such committee shall be, at the end of such period, 
discharged from further consideration of such resolution, and such 
resolution shall be placed on the appropriate calendar of the House 
involved.
    (d) Consideration.--(1) On or after the third day after the date on 
which the committee to which the resolution is referred has reported, 
or has been discharged, it shall be in order for any Member of the 
respective House to move to proceed to the consideration of the 
resolution (but only on the day after the calendar day on which such 
Member announces to the House concerned the Member's intention to do 
so). All points of order against the resolution and against 
consideration of the resolution are waived. The motion is highly 
privileged in the House of Representatives and is privileged in the 
Senate and is not debatable. The motion is not subject to amendment, or 
to a motion to postpone, or to a motion to proceed to the consideration 
of other business. A motion to reconsider the vote by which the motion 
is agreed to or disagreed to is not in order. If a motion to proceed to 
the consideration of the resolution is agreed to, the respective House 
shall immediately proceed to consideration of the joint resolution 
without intervening motion, order, or other business, and the 
resolution shall remain the unfinished business of the respective House 
until disposed of.
    (2) Debate on the resolution, and on all debatable motions and 
appeals in connection therewith, shall be limited to not more than 2 
hours, which shall be divided equally between those favoring and those 
opposing the resolution. An amendment to the resolution is not in 
order. A motion to further limit debate is in order and not debatable. 
A motion to postpone, or a motion to proceed to the consideration of 
other business, or a motion to recommit the resolution is not in order. 
A motion to reconsider the vote by which the resolution is agreed to or 
disagreed to is not in order.
    (3) Immediately following conclusion of the debate on a resolution 
described in subsection (a) and a single quorum call at the conclusion 
of the debate is requested in accordance with the rules of the 
appropriate House, the vote on final passage of the resolution shall 
occur.
    (4) Appeals from the decisions of the Chair relating to the 
application of the rules of the Senate or the House of Representatives, 
as the case may be, to the procedure relating to a resolution described 
in subsection (a) shall be decided without debate.
    (e) Consideration by the Other House.--(1) If, before the passage 
by one House of a resolution of that House described in subsection (a), 
that House receives from the other House a resolution described in 
subsection (a), then the following procedures shall apply:
            (A) The resolution of the other House shall not be referred 
        to a committee and may not be considered in the House receiving 
        it except in the case of final passage as provided in 
        subparagraph (B)(ii).
            (B) With respect to a resolution described in subsection 
        (a) of the House receiving the resolution--
                    (i) the procedure in that House shall be the same 
                as if no resolution had been received from the other 
                House; but
                    (ii) the vote on final passage shall be on the 
                resolution of the other House.
    (2) Upon disposition of the resolution received from the other 
House, it shall no longer be in order to consider the resolution that 
originated in the receiving House.
    (f) Rules of the Senate and House.--This section is enacted by 
Congress--
            (1) as an exercise of the rulemaking power of the Senate 
        and House of Representatives, respectively, and as such it is 
        deemed a part of the rules of each House, respectively, but 
        applicable only with respect to the procedure to be followed in 
        that House in the case of a resolution described in subsection 
        (a), and it supersedes other rules only to the extent that it 
        is inconsistent with such rules; and
            (2) with full recognition of the constitutional right of 
        either House to change the rules (so far as relating to the 
        procedure of that House) at any time, in the same manner, and 
        to the same extent as in the case of any other rule of that 
        House.

SEC. 8. TERMINATION.

    The Commission shall terminate as of the date on which it transmits 
its final report under section 6(b)(2).
Industrial Regulatory Relief Commission Act - Establishes the Industrial Regulatory Relief Commission to develop and submit to the President and the Congress recommendations for reducing the regulatory burden to the manufacturing, housing, and biotechnology industries nationwide so as to promote investment in those industries. 
Requires:  (1) the Commission to report its recommendations to the President within 90 days; (2) the President to report his approval or disapproval of the recommendations to the Congress within ten days; (3) the Congress to introduce approved recommendations as a joint resolution; and (4) the Commission to have an additional ten days to consider changes submitted by the President to disapproved recommendations and to submit a final report to the Congress.  Sets forth procedures for congressional consideration of a joint resolution approving the recommendations submitted by the President.
Industrial Regulatory Relief Commission Act