; or (C) full and open competition in the procurement of services or assets, as such term is defined in section 2.101(b) of title 48, Code of Federal Regulations, as in effect on the date of the enactment of this section; and (3) shall be subject to such other demonstration process determined appropriate by the Secretary in a case in which the Secretary does not accept a demonstration process described in paragraph (2). (e) Publication (1) Application Before the Secretary may approve the conversion of an institution of higher education under subsection (a), the application of such institution submitted to the Secretary under subsection (b) shall be published in the Federal Register with an appropriate notice and comment period. (2) Determination The Secretary shall publish each determination under this section, and the reasons for such determination, under the Federal Register. (f) Tax exempt status In carrying out this section, the Secretary may consider the tax exempt status of an institution of higher education under section 501(c)(3) of the Internal Revenue Code, but may not use such status as the sole determining factor for approval under subsection (a). . (b) Expertise The Secretary of Education shall create a unit within the Department of Education with the expertise necessary to carry out section 125 of the Higher Education Act of 1965, as added by subsection (a). 1006. Postsecondary data system Section 132 of the Higher Education Act of 1965 ( 20 U.S.C. 1015a ) is amended— (1) in subsection (i)(1)(T), by striking rate, and inserting rate and adjusted cohort default rate, ; (2) by redesignating subsection (l) as subsection (m)