; or (ii) the Secretary’s receipt of a statement that is submitted jointly by interested persons that are fairly representative of relevant points of view (including representatives of manufacturers of covered products, States, and efficiency advocates), as determined by the Secretary, which contains a recommended modified definition for a covered product. (4) Effect of a modified definition (A) In general For any type or class of consumer product which becomes a covered product pursuant to this subsection— (i) the Secretary may establish test procedures for such type or class of covered product pursuant to section 323 and energy conservation standards pursuant to subsections (o) and (p) of section 325; (ii) the Commission may prescribe labeling rules pursuant to section 324 if the Commission determines that labeling in accordance with that section is technologically and economically feasible and likely to assist consumers in making purchasing decisions; (iii) section 327 shall begin to apply to such type or class of covered product in accordance with section 325(ii)(1); and (iv) standards previously promulgated under section 325 shall not apply to such type or class of product. (B) Applicability For any type or class of consumer product which ceases to be a covered product pursuant to this subsection, the provisions of this part shall no longer apply to the type or class of consumer product. . (2) Covered equipment Section 341 of the Energy Policy and Conservation Act ( 42 U.S.C. 6312 ) is amended by adding at the end the following: (d) Modifying definitions of covered equipment (1) In general For any covered equipment for which a definition is provided in section 340, the Secretary may, by rule, unless prohibited herein, modify such definition in order to— (A) address significant changes in the product or the market occurring since the definition was established