; or (2) 2 years after the date on which the applicable regulation is issued, if the Administrator determines appropriate. (c) Exemptions (1) In general In issuing the regulations required under subsection (a), the Administrator may exempt any civilian helicopter that the Administrator determines appropriate from 1 or more of the equipment requirements of such regulations. (2) Requirements If the Administrator issues a final regulation that contains an exemption described in paragraph (1), the Administrator shall submit to the Committee on Transportation and Infrastructure of the House of Representatives, the Committee on Appropriations of the House of Representatives, the Committee on Commerce, Science, and Transportation of the Senate, and the Committee on Appropriations of the Senate a report describing the exemption, not later than the date on which the final regulation is issued. 4. Definitions In this Act: (1) Administrator The term Administrator means the Administrator of the FAA. (2) FAA The term FAA means the Federal Aviation Administration. (3) NTSB The term NTSB means the National Transportation Safety Board.