; (2) identifies the country of origin and product specifications for goods used in construction pursuant to each waiver granted; and (3) summarizes the total value of acquisitions made under each waiver. 202. Component requirements and verification (a) Auditing and certification modernization (1) Not later than 6 months after the date of enactment of this Act, the Secretary of Transportation shall— (A) initiate a rulemaking to develop audit procedures for the Federal Transit Administration to review offeror and recipient compliance with domestic content provisions; and (B) issue guidance on best practices for pre-award and post-delivery audits by recipients under section 5323(m) of title 49, United States Code. (2) In developing the guidance required under paragraph (1)(B), the Secretary shall consider best practices for— (A) proper and sufficient documentation requests from bidders by recipients under section 5323(m) of such title to support certification of compliance; (B) proper and sufficient documentation requests from bidders by recipients under section 5323(m) of such title to support pre-award and post-delivery audits; (C) determining the timing and requirements for post-delivery audit; and (D) verifying the origin of supplier components and subcomponents. (b) Component guidance Not later than 6 months after the date of enactment of this Act, the Secretary shall initiate a rulemaking to further develop standards under section 5323(j) of title 49, United States Code, for measuring the percentage value of a component relative to the entire procurement. 203. FHWA domestic content standards improvement (a) CMAQ loophole Section 313(b) of title 23, United States Code, is amended— (1) by redesignating paragraph (3) as paragraph (4); (2) in paragraph (2) by striking or