; (ii) the individual’s eligibility to receive assistance under title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1070 et seq.) after receiving relief pursuant to subparagraph (B); and (iii) any further relief to such borrower as the Secretary determines is appropriate. (f) Institutional accountability With respect to each loan cancelled or repaid under this section, the Secretary shall initiate an appropriate proceeding to require the institution of higher education whose act or omission resulted in such cancellation or repayment to repay to the Secretary the amount so cancelled or repaid. (g) Taxation For purposes of the Internal Revenue Code of 1986, in the case of any relief provided under subsection (c)(1) or (e)(2)(B) with respect to a borrower: (1) Exclusion from gross income; no recapture of tax benefits No amount shall be included in the gross income of such borrower by reason of such relief and section 111(b) such Code shall not apply with respect to such relief. (2) Waiver of information reporting requirements Amounts excluded from gross income under paragraph (1) shall not be required to be reported (and shall not be taken into account in determining whether any reporting requirement applies) under chapter 61 of such Code. D Notifications and Reporting 150123. Notifications and reporting relating to higher education (a) Notification of non-CARES Act flexibilities (1) Notice to Congress (A) In general Not later than two days before the date on which the Secretary grants a flexibility described in paragraph (4), the Secretary shall— (i) submit to the authorizing committees a written notification of the Secretary’s intent to grant such flexibility; and (ii) publish the notification on a publicly accessible website of the Department of Education. (B) Elements Each notification under subparagraph (A) shall— (i) identify the provision of law, regulation, or subregulatory guidance to which the flexibility will apply; (ii) identify any limitations on the flexibility, including any time limits