; (iv) the anticipated burden, including the time, cost, and paperwork burden, the regulations will have on institutions of higher education and other entities that may be impacted by the regulations; and (v) any regulations that will be repealed when the new regulations are issued. (B) Congressional comments The Secretary shall not proceed with the negotiated rulemaking process— (i) until 10 days after the Secretary— (I) receives and addresses all comments from the authorizing committees; and (II) responds to the authorizing committees in writing with an explanation of how such comments have been addressed; or (ii) until 60 days after providing the notice required under subparagraph (A) if the Secretary has not received comments under clause (i). (3) Process After obtaining advice and recommendations under subsections (b) and (c), and before publishing proposed regulations, the Secretary shall— (A) establish a negotiated rulemaking process; (B) select individuals to participate in such process— (i) from among individuals or groups that provided advice and recommendations under subsections (b) and (c), including— (I) representatives of such groups from Washington, DC; and (II) other industry participants; and (ii) with demonstrated expertise or experience in the relevant subjects under negotiation, reflecting the diversity in the industry, representing both large and small participants, as well as individuals serving local areas and national markets; (C) prepare a draft of proposed policy options, which shall take into account comments received from both the public and the authorizing committees, that shall be provided to the individuals selected by the Secretary under subparagraph (B) and such authorizing committees not less than 15 days before the first meeting under such process