§19. Definitions
This section defines key terms for purposes of the Act, incorporating certain definitions from the Administrative Procedure Act (5 U.S.C. 551). It defines (1) "agency" and "rule" as having the meanings given in 5 U.S.C. 551; (2) "interested person" as individuals, partnerships, corporations, associations, or public or private organizations other than an agency; (3) "Office" as the Office of Information and Regulatory Affairs of the Office of Management and Budget; (4) "regulatory action" as any substantive agency action that promulgates or is expected to lead to the promulgation of a final rule or regulation, including notices of inquiry, advance notices of proposed rulemaking, and notices of proposed rulemaking; (5) "significant regulatory action" as any regulatory action likely to result in a rule that may (A) have an annual effect on the economy of $100,000,000 or more or adversely affect in a material way the economy, a sector of the economy, productivity, competition, jobs, the environment, public health or safety, or state, local, or tribal governments or communities; (B) create a serious inconsistency or otherwise interfere with an action taken or planned by another agency; (C) materially alter the budgetary impact of entitlements, grants, user fees, or loan programs or the rights and obligations of recipients thereof; or (D) raise novel legal or policy issues arising out of legal mandates, the President's priorities, or the general principles of regulation customarily practiced by the executive branch; (6) "social equity impact" as any impact of a proposed rule, whether intended or unintended, that might reasonably be expected to disproportionately affect a population of interested persons that is part of a protected class or set of protected classes, based on the rule's plain language, stated intention, and credible statistical projections and data on the impacts of similar rules, laws, and policies; and (7) "social equity assessment" as a written and publicly available report that specifically considers any social equity impact, positive or negative, that the proposed policy might have on a population of interested persons who share a common characteristic that renders them part of a protected class, where that population was previously subjected to discriminatory or exclusionary practices by the agency promulgating the rule or where credible demographic evidence demonstrates significant disparities experienced by different populations within a protected class.