; and (II) promptly notify the Secretary if the participating facility ceases to be— (aa) a member in good standing of the participating industry stewardship program; or (bb) in full compliance with the requirements of the participating industry stewardship program. (iii) Program incentives Not later than 2 years after the date of enactment of the Protecting and Securing Chemical Facilities from Terrorist Attacks Act of 2020 , the Secretary shall— (I) establish incentives for participation in the CFATS Recognition Program, which shall include— (aa) a reduction in the frequency of compliance inspections through adjustments to the inspection frequency algorithm of the Department, except with respect to any inspection— (AA) relating to a planned measure in the site security plan of a participating facility that has not been fully implemented; or (BB) of a participating facility that is not in full compliance with the requirements under the Chemical Facility Anti-Terrorism Standards Program; (bb) streamlined vulnerability assessment and site security plan processes; and (cc) any other regulatory relief as determined appropriate by the Secretary