; (ii) the effectiveness of an innovation center in translating innovation sector growth into broadly shared economic opportunity within the innovation center; and (iii) the ethical and efficient use of Federal funds. (B) Report to Congress Beginning in the third full year following the date of enactment of this Act, and not less frequently than once every 3 years thereafter, the Committee shall submit to Congress and each agency represented on the Committee, and make publicly available, a report on the progress of each innovation center in meeting the objectives described in paragraph (3). (C) Evaluation (i) In general During the third year in which an innovation center is in existence, the Committee shall conduct an evaluation based on established benchmarks for achieving the objectives described in paragraph (3) to determine whether the designation as an innovation center shall be renewed for 3 additional years. (ii) Failure to meet benchmarks An innovation center that fails to meet a majority of the benchmarks established under clause (i) shall not be renewed as an innovation center. (D) Renewal limit An innovation center shall be designated as such for a period of 3 years, and the Committee may renew the designation for not more than 2 additional 3-year terms. (f) Final report Not later than 1 year after the date on which all innovation centers have exhausted their designations and renewals as an innovation center, the Committee shall submit to Congress and each agency represented on the Committee, and make publicly available, a final cumulative report on the efficacy of the program. (g) Authorization of appropriations There is authorized to be appropriated to the Committee for travel and administrative expenses related to carrying out the duties of the Committee— (1) $5,000,000 for each of the first 2 fiscal years beginning after the date of enactment of this Act