; or (bb) $30,000,000 for an offshore facility located landward of the seaward boundary of a State. (ii) Criteria for determination of financial responsibility The President shall prescribe the amount of financial responsibility required under clause (i)(I) based on the following: (I) The market capacity of the insurance industry to issue such instruments. (II) The operational risk of a discharge and the likely effects of that discharge on the environment and the region. (III) The quantity and location of the oil and gas that is explored for, drilled for, produced by, or transported by the responsible party. (IV) The asset value of the owner of the offshore facility, including the combined asset value of all partners that own the facility. (V) The cost of all removal costs and damages for which the responsible party may be liable under this Act based on a worst-case-scenario. (VI) The safety history of the owner of the offshore facility. (VII) Any other factors that the President considers appropriate. (iii) Adjustment for all offshore facilities (I) In general Not later than 3 years after the date of enactment of the Sustainable Energy Development Reform Act , and at least once every 3 years thereafter, the President shall review the levels of financial responsibility specified in this subsection and the limit on liability specified in subsection (f)(4) and may by regulation revise such levels and limit upward to the levels and limit that the President determines are justified. (II) Notice to Congress Upon completion of a review specified in subclause (I), the President shall notify Congress as to whether the President will revise the levels of financial responsibility and limit on liability referred to in subclause (I) and the factors used in making such determination. (III) Specific adjustments Not less frequently than every 3 years, the President shall review the amount of financial responsibility required of a responsible party under this subsection and revise that amount, in accordance with this subsection,