((a)) ** .—** On , and every 2 years thereafter, the Secretary shall submit to Congress a report summarizing the financial performance of the projects that are receiving, or have received, assistance under the TIFIA program, including a recommendation as to whether the objectives of the TIFIA program are best served by—

((1)) continuing the program under the authority of the Secretary;

((2)) establishing a Federal corporation or federally sponsored enterprise to administer the program; or

((3)) phasing out the program and relying on the capital markets to fund the types of infrastructure investments assisted by the TIFIA program without Federal participation.

((b))

((1)) ** .—** Not later than , and annually thereafter, the Secretary shall submit to the Committee on Transportation and Infrastructure of the House of Representatives and the Committee on Environment and Public Works of the Senate a report that includes a list of all of the letters of interest and applications received from project sponsors for assistance under the TIFIA program during the preceding fiscal year.

((2))

((A)) ** .—** Each report under paragraph (1) shall include, at a minimum, a description of, with respect to each letter of interest and application included in the report—

((i)) the date on which the letter of interest or application was received;

((ii)) the date on which a notification was provided to the project sponsor regarding whether the application was complete or incomplete;

((iii)) the date on which a revised and completed application was submitted (if applicable);

((iv)) the date on which a notification was provided to the project sponsor regarding whether the project was approved or disapproved; and

((v)) if the project was not approved, the reason for the disapproval.

((B)) ** .—** Each report under paragraph (1) shall include copies of any correspondence provided to the project sponsor in accordance with section 602(d).

((c))

((1)) ** .—** The Secretary shall publish on the website for the TIFIA program—

((A)) on a monthly basis, a current status report on all submitted letters of interest and applications received for assistance under the TIFIA program; and

((B)) on a quarterly basis, a current status report on all approved applications for assistance under the TIFIA program.

((2)) ** .—** Each monthly and quarterly status report under paragraph (1) shall include, at a minimum, with respect to each project included in the status report—

((A)) the name of the party submitting the letter of interest or application;

((B)) the name of the project;

((C)) the date on which the letter of interest or application was received;

((D)) the estimated project eligible costs;

((E)) the type of credit assistance sought; and

((F)) the anticipated fiscal year and quarter for closing of the credit assistance.