; (B) the Administrator has approved an application for the entity under subsection (c)(2); and (C) the entity meets such other requirements as the Administrator may establish. (2) Treatment of existing registered traveler services providers (A) In general Notwithstanding paragraph (1), a private entity providing registered traveler services as of the date of the enactment of this section shall be deemed to be a qualified registered traveler services provider for purposes of this subsection if the entity— (i) meets the requirement under paragraph (1)(A); and (ii) is operating pursuant to the requirements established by the Administrator for the registered traveler program of the Administration as of the date of the enactment of this section. (B) Continuation of contracts A contract entered into before the date of the enactment of this section with a private entity that meets the requirements of subparagraph (A) shall remain in effect on and after that date in accordance with the terms of the contract. (c) Applications (1) Submission A private entity seeking to become a qualified registered traveler services provider shall submit to the Administrator an application at such time, in such manner, and containing such information as the Administrator may require. (2) Approval (A) In general Not later than 180 days after the date of receipt of an application submitted by an entity under paragraph (1), the Administrator shall approve or deny the application. (B) Standards The Administrator shall approve an application submitted by an entity under paragraph (1) if the Administrator determines that— (i) the level of security provided by the entity will be equal to or greater than the level that would be provided by Federal Government personnel