Sec. 334. Definitions
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/bill/115/hr/10/rh/section-334A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For purposes of this subtitle: The term Federal financial agency means the Consumer Law Enforcement Agency, Board of Governors of the Federal Reserve System, 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 major rule means any rule, including an interim final rule, that the Administrator of the Office of Information and Regulatory Affairs of the Office of Management and Budget finds has resulted in or is likely to result in— an annual effect on the economy of $100 million or more; a major increase in costs or prices for consumers, individual industries, Federal, State, or local government agencies, or geographic regions; or significant adverse effects on competition, employment, investment, productivity, innovation, or on the ability of United States-based enterprises to compete with foreign-based enterprises in domestic and export markets.
The term nonmajor rule means any rule that is not a major rule. The term rule has the meaning given such term in section 551 of title 5, United States Code, except that such term does not include— any rule of particular applicability, including a rule that approves or prescribes for the future rates, wages, prices, services, or allowances therefore, corporate or financial structures, reorganizations, mergers, or acquisitions thereof, or accounting practices or disclosures bearing on any of the foregoing; any rule relating to agency management or personnel; or any rule of agency organization, procedure, or practice that does not substantially affect the rights or obligations of non-agency parties.
The term submission date or publication date , except as otherwise provided in this subtitle, means— in the case of a major rule, the date on which the Congress receives the report submitted under section 331(a)(1)(A); and in the case of a nonmajor rule, the later of— the date on which the Congress receives the report submitted under section 331(a)(1)(A); and the date on which the nonmajor rule is published in the Federal Register, if so published.