; and (bb) in full compliance with the requirements of the participating industry stewardship program; and (II) promptly notify the Secretary if the participating facility ceases to be— (aa) a member in good standing of the participating industry stewardship program; or (bb) in full compliance with the requirements of the participating industry stewardship program. (iii) Program incentives Not later than 270 days after the date of enactment of this paragraph, the Secretary shall— (I) establish incentives for participation in the CFATS Recognition Program, which shall include— (aa) a reduction in the frequency of compliance inspections, except— (AA) in the case of any inspection relating to any planned measure in the site security plan of a participating facility that has not been fully implemented; or (BB) in a case in which a participating facility is not in full compliance with the requirements under the Chemical Facility Anti-Terrorism Standards Program; (bb) streamlined vulnerability assessment and site security plan processes; and (cc) any other regulatory relief as determined appropriate by the Secretary; and (II) provide written guidance on any incentive established under subclause (I). (D) Evaluation Not later than 1 year after the date on which the CFATS Recognition Program is established under subparagraph (B)(i), the Secretary shall provide a briefing to the Committee on Homeland Security and Governmental Affairs of the Senate and the Committees on Homeland Security and Energy and Commerce of the House of Representatives on the progress in carrying out the CFATS Recognition Program. . 5. Frequency of audits and inspections Section 2102(d)(1) of the Homeland Security Act of 2002 ( 6 U.S.C. 622(d)(1) ) is amended— (1) in subparagraph (B), by striking The Secretary and inserting Subject to subparagraph (G), the Secretary