; (B) in paragraph (3), by amending subparagraph (A) to read as follows: (A) In general (i) Experimental sites The Secretary is authorized periodically to select a limited number of institutions for voluntary participation as experimental sites to provide recommendations to the Secretary and to the Congress on the impact and effectiveness of proposed regulations or new management initiatives. (ii) Congressional notice and comments required (I) Notice Prior to announcing a new experimental site and inviting institutions to participate, the Secretary shall provide to the authorizing committees a notice that shall include— (aa) a description of the proposed experiment and rationale for the proposed experiment; and (bb) a list of the institutional requirements the Secretary expects to waive and the legal authority for such waivers. (II) Congressional comments The Secretary shall not proceed with announcing a new experimental site and inviting institutions to participate until 10 days after the Secretary— (aa) receives and addresses all comments from the authorizing committees; and (bb) responds to such committees in writing with an explanation of how such comments have been addressed. (iii) Prohibition The Secretary is not authorized to carry out clause (i) in any year in which an annual report described in paragraph (2) relating to the previous year is not submitted to the authorizing committees. ; (C) in paragraph (4)(A), by striking biennial and inserting annual ; and (D) by striking paragraph (1) and redesignating paragraphs (2) through (4) as paragraphs (1) through (3), respectively. 493. Transfer of allotments Section 488 ( 20 U.S.C. 1095 ) is amended— (1) by inserting , as in effect on the day before the date of enactment of the PROSPER Act , after section 462