; and (2) would result in an increase in a subsidy cost. (c) Relationship to other requirements The analyses required under subsections (a) and (b) shall be in addition to any other cost analysis required under law for a regulation implementing this title, including any cost analysis that may be required pursuant to Executive Order 12866 (58 Fed. Reg. 51735; relating to regulatory planning and review), Executive Order 13563 (76 Fed. Reg. 3821; relating to improving regulation and regulatory review), or any related or successor orders. (d) Definition In this section, the term economically significant , when used with respect to a draft, proposed, or final regulation or executive action, means that the regulation or executive action is likely, as determined by the Secretary— (1) to have an annual effect on the economy of $100,000,000 or more; or (2) adversely to 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. . 304. Office of Federal Student Aid (a) Federal preemption Section 456 ( 20 U.S.C. 1087f ) is amended by adding at the end the following: (c) Federal preemption (1) In general Covered activities shall not be subject to any law or other requirement of any State or political subdivision of a State with respect to— (A) disclosure requirements; (B) requirements or restrictions on the content, time, quantity, or frequency of communications with borrowers, endorsers, or references with respect to such loans