; and (2) to share information relating to the process for entering into a contract under this Act. (i) Rulemaking Not later than one year after the date of enactment of the JOM Modernization Act, the Secretary, acting through the Director of the Bureau of Indian Education, shall undertake and complete a rulemaking process, following the provisions of subchapter II of chapter 5 of title 5, United States Code, to— (1) determine how the regulatory definition of eligible Indian student may be revised to clarify eligibility requirements for contracting parties under this Act; (2) determine, as necessary, how the funding formula described in section 273.31 of title 25, Code of Federal Regulations (as in effect on the day before the date of enactment of the JOM Modernization Act) may be clarified and revised to ensure full participation of contracting parties and provide clarity on the funding process under this Act; and (3) otherwise reconcile and modernize the rules to comport with the activities of the contracting parties under this Act as of the date of enactment of the JOM Modernization Act. (j) Student privacy The Secretary shall ensure that data is collected and each report is prepared under this section in a manner that protects the rights of eligible Indian students in accordance with section 444 of the General Education Provisions Act (commonly referred to as the Family Educational Rights and Privacy Act of 1974) ( 20 U.S.C. 1232g ). (k) GAO report Not later than 2 years after the date of enactment of the JOM Modernization Act, the Comptroller General shall— (1) conduct a review of the implementation of this section during the preceding two-year period, including any factors impacting— (A) the accuracy of the determinations of the number of eligible Indian students under this section; (B) the communication between the Bureau of Indian Education and contracting parties; and (C) the efforts by the Bureau of Indian Education to ensure accurate and sufficient distribution of funding for Indian students