; and (H) the Single Audit Act of 1984 and the Office of Management and Budget’s A–133 Circular. (2) Contents of report The Higher Education Regulatory Reform Report shall contain the following with respect to regulatory requirements for institutions of higher education: (A) A list of rules that are determined to be outmoded, duplicative, ineffective, or excessively burdensome. (B) For each rule listed in accordance with subparagraph (A) and that is in effect at the time of the review under subparagraph (A), an analysis of whether the costs outweigh the benefits for such rule. (C) Recommendations to consolidate, modify, simplify, or repeal such rules to make such rules more effective or less burdensome. (D) A description of the justification for and impact of the recommendations described in subparagraph (C) , as appropriate and available, including supporting data for such justifications and the financial impact of such recommendations on institutions of higher education of varying sizes and types. (E) Recommendations on the establishment of a permanent entity to review new regulatory requirements affecting institutions of higher education. (3) Notice and comment At least 30 days before submission of the Higher Education Regulatory Reform Report required under paragraph (1) , the Secretary of Education shall publish the report in the Federal Register for public notice and comment. The Higher Education Regulatory Reform Task Force may modify the report in response to any comments received before submission of the report to Congress. (d) Definition of institution of higher education For the purposes of this section, the term institution of higher education has the meaning given such term in section 102 of the Higher Education Act of 1965 ( 20 U.S.C. 1002 ), except that such term does not include institutions described in subsection (a)(1)(C) of such section 102. 3. Expedited consideration by Congress (a) Presentation of Higher Education Regulatory Reform Report to Congress and expedited consideration (1) In