; (B) an examination of the assistance or options for required non-Federal cost shares for applicants that are, or serve, frontline communities; (C) an examination of whether priority for the investment may be given if the applicant is or primarily serves a frontline community; and (D) an examination of the diversity of the historical recipients of the investment. (c) New investments Notwithstanding any other provision of law, a new investment with an environmental or climate change nexus shall undergo an assessment to ensure that— (1) to the extent allowed by the laws governing the investment, frontline communities benefit from the investment; (2) an examination of the eligibility requirements for the investment to ensure that frontline communities can compete to receive the investment; (3) an examination of the assistance or options for required non-Federal cost shares for applicants that are, or serve, frontline communities; (4) an examination of whether priority for the investment may be given if the applicant is or primarily serves a frontline community; and (5) an examination of how to increase the diversity of recipients of the investment. (d) Retrospective review Not less frequently than once every 10 years, the head of the Office shall work with the head of each agency and the Director of that agency to review the application and administration of any investment of the agency with an environmental or climate change nexus to ensure that the investment is serving frontline communities. (e) Final report (1) In general After an agency carries out a review under subsection (b), (c), or (d), the head of the agency shall, in coordination with a review panel under section 402(b), if any, prepare a final report describing the results of the review. (2) Requirements A final report under paragraph (1) shall contain— (A) a statement of the need for, and the objectives of, the investment; (B) a statement of— (i) the recommendations of the review panel under section 402(d)(2), if any