To amend the Truth in Regulating Act to make permanent the pilot project for the report on rules.

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.