; 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; (C) by striking subsection (a) and inserting the following: (a) Definition of cost In this section, the term cost means the cost of compliance and any reasonably foreseeable indirect costs, including revenues lost, as a result of a major rule of an agency that is subject to this section. (b) Regulatory impact analyses (1) Requirement Before promulgating any proposed or final major rule, the agency promulgating the major rule shall prepare and publish in the Federal Register an initial and final regulatory impact analysis with respect to the major rule. (2) Initial regulatory impact analysis An initial regulatory impact analysis required under paragraph (1) shall— (A) accompany the notice of proposed rulemaking with respect to the major rule that is the subject of the analysis; and (B) be open to public comment. (3) Final regulatory impact analysis A final regulatory impact analysis required under paragraph (1) shall accompany the final major rule that is the subject of the analysis. (c) Content Each initial and final regulatory impact analysis prepared and published under subsection (b) shall include, with respect to the major rule that is the subject of the analysis— (1) (A) an analysis of the anticipated benefits and costs of the major rule, which shall be quantified to the extent feasible; (B) an analysis of the benefits and costs of a reasonable number of regulatory alternatives within the range of the discretion of the agency under the statute authorizing the major rule, including alternatives that— (i) require no action by the Federal Government; and (ii) (I) use incentives and market-based means to encourage the desired behavior; (II) provide information based upon which the public can make choices