§19.Definitions
This section defines terms used in the Act, including "(1) agency" and "rule," which have the meanings given those terms in 5 U.S.C. §551; "(2) interested person," meaning individuals, partnerships, corporations, associations, or public or private organizations of any character other than an agency; and "(3) Office," meaning the Office of Information and Regulatory Affairs (OIRA) of the Office of Management and Budget.
The section further defines "(4) regulatory action" as any substantive agency action that promulgates or is expected to lead to 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 another agency's action; (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 executive branch regulation; "(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 similar rules, laws, and policies; and "(7) social equity assessment" as a written, publicly available report specifically considering any social equity impact, positive or negative, on a population of interested persons who share a common characteristic rendering them part of a protected class, where that population was previously subjected to discriminatory or exclusionary practices by the promulgating agency or credible demographic evidence demonstrates significant disparities experienced by different populations within a protected class.