; rule The terms agency and rule shall have the meanings given such terms in section 551 of title 5, United States Code. (2) Interested person The term interested person includes individuals, partnerships, corporations, associations, or public or private organizations of any character other than an agency. (3) Office The term Office means the Office of Information and Regulatory Affairs of the Office of Management and Budget. (4) Regulatory action The term regulatory action means any substantive action by an agency that promulgates or is expected to lead to the promulgation of a final rule or regulation, including notices of inquiry, advance notices of proposed rulemaking, and notices of proposed rulemaking. (5) Significant regulatory action The term significant regulatory action means any regulatory action that is likely to result in a rule that may— (A) have an annual effect on the economy of $100,000,000 or more or adversely 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; (B) create a serious inconsistency or otherwise interfere with an action taken or planned by another agency; (C) materially alter the budgetary impact of entitlements, grants, user fees, or loan programs or the rights and obligations of recipients thereof