1. Short title This Act may be cited as the Midnight Regulations Review Act . 2. Report on regulations promulgated near the end of presidential terms (a) Report Not later than one year after the inauguration of a new President, the Comptroller General of the United States shall submit to Congress a report regarding covered regulations promulgated during the covered presidential transition period. (b) Contents of report The report required under subsection (a) shall, to the extent feasible, for the covered presidential transition period— (1) compare the number, scope, and impact of, and type of rulemaking procedure used for, covered regulations promulgated during the covered presidential transition period to the number, scope, and impact of, and type of rulemaking procedure used for, covered regulations promulgated during the 120-day periods ending on January 20 of each year after 1996, other than the 120-day period ending on the date of the inauguration of the new President; (2) determine the statistical significance of any differences identified under paragraph (1) and whether and to what extent such differences indicate any patterns; (3) evaluate the size, scope, and effect of the covered regulations promulgated during the covered presidential transition period; and (4) assess the extent to which the regularly required processes for the promulgation of covered regulations were followed during the covered presidential transition period, including compliance with the requirements under— (A) chapter 8 of title 5, United States Code (commonly known as the Congressional Review Act ); (B) the Small Business Regulatory Enforcement Fairness Act of 1996 ( 5 U.S.C. 601 note); (C) sections 202, 203, 204, and 205 of the Unfunded Mandates Reform Act of 1995 ( 2 U.S.C. 1532–1535 ); (D) chapter 6 of title 5, United States Code (commonly known as the Regulatory Flexibility Act )