1. Short title This Act may be cited as the Unfunded Mandates Accountability and Transparency Act . 2. Regulatory impact analyses for certain rules The Unfunded Mandates Reform Act of 1995 ( 2 U.S.C. 1501 et seq. ) is amended— (1) by striking tribal each place that term appears and inserting Tribal ; (2) in section 3 ( 2 U.S.C. 1502 )— (A) in paragraph (1), by striking and at the end; (B) in paragraph (2), by striking the period at the end and inserting and ; and (C) by adding at the end the following: (3) the term major rule means a rule, as defined in section 551 of title 5, United States Code, that the Administrator of the Office of Information and Regulatory Affairs determines is likely to cause— (A) an annual effect on the economy of $100,000,000 or more, adjusted once every 5 years to reflect increases in the Consumer Price Index for All Urban Consumers, as published by the Bureau of Labor Statistics of the Department of Labor; (B) a major increase in costs or prices for consumers, individual industries, Federal, State, local, or Tribal government agencies, or geographic regions; or (C) significant adverse effects on competition, employment, investment, productivity, innovation, public health and safety, or the ability of United States-based enterprises to compete with foreign-based enterprises in domestic and export markets. ; and (3) in section 202 ( 2 U.S.C. 1532 )— (A) by striking the section heading and inserting the following: 202. Regulatory impact analyses for certain rules ; (B) by redesignating subsections (b) and (c) as subsections (d) and (e), respectively