; (2) by redesignating subsections (b) and (c) as subsections (d) and (e), respectively; (3) by striking subsection (a) and inserting the following: (a) Definition In this section, the term cost means the cost of compliance and any reasonably foreseeable indirect costs, including revenues lost, as a result of an agency rule subject to this section. (b) Regulatory impact analyses (1) Requirement Before promulgating any proposed or final rule that may have an annual effect on the economy of $100,000,000 or more (adjusted for inflation), or that may result in the expenditure by State, local, and tribal governments, in the aggregate, of $100,000,000 or more (adjusted for inflation) in any 1 year, the agency promulgating the rule shall prepare and publish in the Federal Register an initial and final regulatory impact analysis with respect to the rule. (2) Initial regulatory impact analysis An initial regulatory impact analysis required under paragraph (1) shall— (A) accompany the notice of proposed rulemaking with respect to the rule that is the subject of the analysis; and (B) be open to public comment. (3) Final regulatory impact analysis A final regulatory impact analysis required under paragraph (1) shall accompany the final rule that is the subject of the analysis. (c) Content Each initial and final regulatory impact analysis prepared and published under subsection (b) shall include, with respect to the rule that is the subject of the analysis— (1) (A) an analysis of the anticipated benefits and costs of the rule, which shall be quantified to the extent feasible; (B) an analysis of the benefits and costs of a reasonable number of regulatory alternatives within the range of the discretion of the agency under the statute authorizing the rule, including alternatives that— (i) require no action by the Federal Government; and (ii) (I) use incentives and market-based means to encourage the desired behavior; (II) provide information based upon which the public can make choices