Amends the Truth in Regulating Act of 2000 to continue for an additional three-year period the pilot project that permits a chairman or ranking member of a committee of jurisdiction of either House of Congress to request the Comptroller General to review an economically significant rule that may have an annual effect on the economy of $100 million or more, or that will adversely affect in a material way the economy (or a sector), productivity, competition, jobs, the environment, public health or safety, or state, local, or tribal governments or communities.
Authorizes appropriations to the Government Accountability Office (GAO) to carry out the Act for FY2007-FY2009.