institution closes or no longer participates in a COVID–19 provisional program participation agreement under this subsection. (C) All eligible institutions All eligible institutions that enter into a COVID–19 provisional program participation agreement under this subsection shall comply with the reporting requirements under paragraph (2) of section 668.175(d) of title 34, Code of Federal Regulations (as such paragraph is in effect on the date of enactment of this section). (5) Letter of credit during agreement The Secretary may not require an eligible institution that enters into a COVID–19 provisional program participation agreement under this subsection to submit a new letter of credit or increase the value of an existing letter of credit for the duration of the agreement. (6) Duration of agreement A COVID–19 provisional program participation agreement under this subsection may only be entered into for a period less than or equal to the period— (A) beginning on the first date of the agreement