Sec. 311. Definitions

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As used in this subtitle— the term agency means the Board of Governors of the Federal Reserve System, the Consumer Law Enforcement Agency, the Commodity Futures Trading Commission, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, the Office of the Comptroller of the Currency, the National Credit Union Administration, and the Securities and Exchange Commission; the term chief economist means— with respect to the Board of Governors of the Federal Reserve System, the Director of the Division of Research and Statistics, or an employee of the agency with comparable authority; with respect to the Consumer Law Enforcement Agency, the Head of the Office of Economic Analysis, or an employee of the agency with comparable authority; with respect to the Commodity Futures Trading Commission, the Chief Economist, or an employee of the agency with comparable authority; with respect to the Federal Deposit Insurance Corporation, the Director of the Division of Insurance and Research, or an employee of the agency with comparable authority; with respect to the Federal Housing Finance Agency, the Chief Economist, or an employee of the agency with comparable authority; with respect to the Office of the Comptroller of the Currency, the Director for Policy Analysis, or an employee of the agency with comparable authority; with respect to the National Credit Union Administration, the Chief Economist, or an employee of the agency with comparable authority; and with respect to the Securities and Exchange Commission, the Director of the Division of Economic and Risk Analysis, or an employee of the agency with comparable authority; the term Council means the Chief Economists Council established under section 318; and the term regulation — means an agency statement of general applicability and future effect that is designed to implement, interpret, or prescribe law or policy or to describe the procedure or practice requirements of an agency, including rules, orders of general applicability, interpretive releases, and other statements of general applicability that the agency intends to have the force and effect of law; and does not include— a regulation issued in accordance with the formal rulemaking provisions of section 556 or 557 of title 5, United States Code; a regulation that is limited to agency organization, management, or personnel matters; a regulation promulgated pursuant to statutory authority that expressly prohibits compliance with this provision; a regulation that is certified by the agency to be an emergency action, if such certification is published in the Federal Register; a regulation that is promulgated by the Board of Governors of the Federal Reserve System or the Federal Open Market Committee under section 10A, 10B, 13, 13A, or 19 of the Federal Reserve Act, or any of subsections

(a)through

(f)of section 14 of that Act; or a regulation filed with the Commission by the Public Company Accounting Oversight Board, the Municipal Securities Rulemaking Board, or any national securities association registered under section 15A of the Securities Exchange Act of 1934 ( 15 U.S.C. 78o–4(a) ) for which the board or association has itself conducted the cost-benefit analysis and otherwise complied with the requirements of section 312.

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15 USC 78o–4(a)

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Sec. 311

Definitions

Cite15 USC 78o–4(a)

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