for tax return information The Secretary shall advise students and borrowers who submit an application for Federal student financial aid under this title or for the discharge of a loan based on permanent and total disability, as described in section 437(a), or who request an income-contingent or income-based repayment plan on their loan (as well as parents and spouses who sign such an application or request or a Master Promissory Note on behalf of those students and borrowers) that the Secretary has the authority to request that the Internal Revenue Service disclose their tax return information (as well as that of parents and spouses who sign such an application or request or a Master Promissory Note on behalf of those students and borrowers) to officers, employees, and contractors of the Department of Education as authorized under section 6103(1)(13) of the Internal Revenue Code of 1986, to the extent necessary for the Secretary to carry out this title. . (b) Conforming amendment Section 484(q) of the Higher Education Act of 1965 ( 20 U.S.C. 1091(q) ) is amended to read as follows: (q) reserved . 4. Reports on implementation (a) In general Not later than each specified date, the Secretary of Education and the Secretary of the Treasury shall issue joint reports to the Committees on Health, Education, Labor, and Pensions and Finance of the Senate and the Committees on Education and the Workforce and Ways and Means of the House of Representatives regarding the amendments made by this Act. Each such report shall include, as applicable— (1) an update on the status of implementation of the amendments made by this Act, (2) an evaluation of the processing of applications for Federal student financial aid, and applications for income-based repayment and income contingent repayment, under title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1070 et seq.), in accordance with the amendments made by this Act, and (3) implementation issues and suggestions for potential improvements. (b) Specified date For purposes of