GAO REPORT ON CHARTER SERVICE REGULATIONS.

SEC. 3041. [49 U.S.C. 1602 note] GAO REPORT ON CHARTER SERVICE REGULATIONS. The Comptroller General shall submit to the Congress, not later than 12 months after the date of the enactment of this Act, a report evaluating the impact of existing charter service regulations. The report shall— (1) assess the extent to which the regulations promote or impede the ability of communities to meet the transportation needs of government, civic, and charitable organizations in a cost-effective and efficient manner; (2) assess the extent to which the regulations promote or impede the ability of communities to carry out economic development activities in a cost-effective and efficient manner; (3) analyze the extent to which public transit operators and private charter carriers have entered into charter service agreements pursuant to the regulations; and (4) analyze the extent to which such agreements enable private carriers to profit from the provision of charter service by public transit operators using federally subsidized vehicles. The report shall also include an assessment of the factors specified in the preceding sentence within the context of not less than 3 communities selected by the Comptroller General.