Sec. 2. Definitions

403 words·~2 min read·/bill/117/s/2278/is/section-2

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Section 551 of title 5, United States Code, is amended— in paragraph (5), by striking rule making and inserting rulemaking ; in paragraph (6), by striking rule making and inserting rulemaking ; in paragraph (13), by striking and at the end; in paragraph (14), by striking the period at the end and inserting a semicolon; and by adding at the end the following: guidance means an agency statement of general applicability that— is not intended to have the force and effect of law; and sets forth a policy on a statutory, regulatory, or technical issue or an interpretation of a statutory or regulatory issue; high-impact rule means any rule that the Administrator determines is likely to cause an annual effect on the economy of $500,000,000 or more, adjusted once every 5 years to reflect increases in the Consumer Price Index for All Urban Consumers, as published by the Bureau of Labor Statistics of the Department of Labor; major guidance means guidance that the Administrator finds is likely to lead to— an annual effect on the economy of $100,000,000 or more, adjusted once every 5 years to reflect increases in the Consumer Price Index for All Urban Consumers, as published by the Bureau of Labor Statistics of the Department of Labor; a major increase in costs or prices for consumers, individual industries, Federal, State, local, or Tribal government agencies, or geographic regions; or significant adverse effects on competition, employment, investment, productivity, innovation, public health and safety, or the ability of United States-based enterprises to compete with foreign-based enterprises in domestic and export markets; major rule means any rule that the Administrator determines is likely to cause— an annual effect on the economy of $100,000,000 or more, adjusted once every 5 years to reflect increases in the Consumer Price Index for All Urban Consumers, as published by the Bureau of Labor Statistics of the Department of Labor; a major increase in costs or prices for consumers, individual industries, Federal, State, local, or Tribal government agencies, or geographic regions; or significant adverse effects on competition, employment, investment, productivity, innovation, public health and safety, or the ability of United States-based enterprises to compete with foreign-based enterprises in domestic and export markets;

Office of Information and Regulatory Affairs means the office established under section 3503 of title 44 and any successor to that office; and Administrator means the Administrator of the Office of Information and Regulatory Affairs. .