; and (II) identify any new statutory authority necessary to execute each plan. (ii) Public comment The Council shall provide notice and an opportunity for public comment for a period of not less than 90 days for each plan developed under this paragraph. (2) Submission to Congress Not later than 60 days after the date of publication of a final plan under paragraph (1)(C) with respect to which the Council identifies under paragraph (1)(D)(i)(II) a new statutory authority necessary to execute the plan, the Council shall submit to Congress draft legislative text for that new authority. (3) 5-year reviews Not less frequently than once every 5 years, the Council shall review and update, as necessary, each plan developed under this subsection, taking into consideration— (A) new market conditions; (B) advances in technology; and (C) such other factors as the Council determines to be appropriate. (4) 2040 review Not later than January 1, 2040, the Council shall— (A) identify any sector that is not expected to achieve compliance with the targets established for the sector in an applicable plan under this subsection by December 31, 2040