; and (C) in paragraph (6)— (i) in subparagraph (A), by striking The Secretary and inserting Not less frequently than once annually, the Secretary ; (ii) by redesignating subparagraph (B) as subparagraph (C); and (iii) by inserting after subparagraph (A) the following: : (B) Report On an annual basis, after carrying out the consultation required under subparagraph (A), the Secretary and the Chief Operating Officer shall jointly submit to the authorizing committees a report that includes— (i) a summary of the consultation; and (ii) a description of any actions taken as a result of the consultation.. . (3) in subsection (c)— (A) in paragraph (1)— (i) in subparagraph (A)— (I) by striking Each year, and inserting Not less frequently than once every three years ; and (II) by striking succeeding 5 and inserting succeeding 3 ; (ii) by amending subparagraph (B) to read as follows: (B) Consultation (i) Plan development Beginning not later than 12 months before issuing each 3-year performance plan under subparagraph (A), the Secretary and the Chief Operating Officer shall consult with students, institutions of higher education, Congress, lenders, and other interested parties regarding the development of the plan. In carrying out such consultation, the Secretary shall seek public comment consistent with the requirements of subchapter II of chapter 5 of title 5, United States Code (commonly known as the Administrative Procedure Act ). (ii) Revision Not later than 90 days before implementing any revision to the performance plan described in subparagraph (A), the Secretary shall consult with students, institutions of higher education, Congress, lenders, and other interested parties regarding such revision. ; (iii) in subparagraph (C)— (I) in the matter preceding clause (i), by inserting and target dates upon which such action steps will be taken and such goals will be achieved after achieve such goals ; (II) by redesignating clause (v) as clause (vi)