; and (2) by inserting after the item relating to section 315 the following: Part B. Federal regulatory budget cost control Sec. 321. Definitions. Sec. 322. Establishment of level and allocations. Sec. 323. Analysis of Federal regulatory cost by Congressional Budget Office. Sec. 324. Enforcement. Sec. 325. OMB–CBO reports. Sec. 326. Regulatory baseline. . 6. Study of nonmajor rules (a) Definitions In this section— (1) the term agency has the meaning given that term in section 551 of title 5, United States Code; (2) the term covered guidance document means any guidance document that has resulted or is likely to result in an annual effect on the economy of not less than $10,000,000; (3) the term covered nonmajor rule means any rule that has resulted in or is likely to result in an annual effect on the economy of not less than $10,000,000 and not more than $100,000,000; (4) the term guidance document means an agency statement of general applicability and future effect, other than a rule, that sets forth a policy on a statutory, regulatory, or technical issue or an interpretation of a statutory or regulatory issue; (5) the term Federal regulatory cost has the meaning given that term under section 321 of the Congressional Budget Act of 1974, as added by this Act; and (6) the term rule has the meaning given that term in section 804 of title 5, United States Code. (b) Reports Not later than 120 days after the date of enactment of this Act and every 2 years thereafter, the Comptroller General of the United States shall submit to Congress a report regarding covered nonmajor rules and covered guidance documents, which shall include, for the 4-year period immediately preceding the report— (1) the number of covered nonmajor rules promulgated; (2) the number of covered nonmajor rules implemented; (3) the number of covered guidance documents developed; (4) the number of covered guidance documents issued; (5) the Federal regulatory cost of each covered nonmajor rule implemented