; and (ii) dividing such cost by the total number of regulations issued by the agency over the life of the agency; and (B) the term economic impact score, calculated by— (i) determining the total estimated cost incurred by individuals and entities in the prior two years in complying with regulations issued by the agency; and (ii) dividing such cost by the total number of regulations issued by the agency in the prior two years. (6) Guidance document The term guidance document — (A) means an agency statement of general applicability (other than a regulation that has the force and effect of law promulgated in accordance with the notice and public procedure under section 553 of title 5, United States Code) that— (i) does not have the force and effect of law; and (ii) sets forth— (I) an agency decision or a policy on a statutory, regulatory, or technical issue; or (II) an interpretation of a statutory or regulatory issue; and (B) may include any of the following: (i) A memorandum. (ii) A notice. (iii) A bulletin. (iv) A directive. (v) A news release. (vi) A letter. (vii) A blog post. (viii) A no-action letter. (ix) A speech by an agency official. (x) An advisory. (xi) A manual. (xii) A circular. (xiii) Any combination of the items described in clauses (i) through (xii). (7) Regulation The term regulation — (A) means an agency statement of general applicability and future effect, which the agency intends to have the force and effect of law, that is designed to implement, interpret, or prescribe law or policy or to describe the procedure or practice requirements of an agency; (B) includes regulations issued pursuant to— (i) an informal rulemaking under section 553 of title 5, United States Code; (ii) a formal rulemaking under sections 556 and 557 of title 5, United States Code; and (iii) any combination of the informal rulemaking described in clause (i) and the formal rulemaking described in clause (ii)