; (ii) the methodology by which the agency plans to analyze the major rule, including metrics by which the agency can measure— (I) the effectiveness and benefits of the major rule in producing the regulatory objectives of the major rule; and (II) the effects and costs of the major rule on regulated and other affected entities; (iii) a plan for gathering data regarding the metrics described in clause (ii) on an ongoing basis, or at periodic times, including a method by which the agency will invite the public to participate in the review process and seek input from other agencies; and (iv) a specific time frame, as appropriate to the major rule and not more than 10 years after the effective date of the major rule, under which the agency shall conduct the assessment of the major rule in accordance with paragraph (2)(A). (2) Assessment (A) In general Each agency shall assess the data gathered under paragraph (1)(B)(iii), using the methodology set forth in paragraph (1)(B)(ii) or any other appropriate methodology developed after the issuance of a final major rule to determine whether the regulatory objective is being achieved— (i) to analyze how the actual benefits and costs of the major rule may have varied from those anticipated at the time the major rule was issued; and (ii) to determine whether— (I) the major rule is accomplishing the regulatory objective; (II) the major rule has been rendered unnecessary, taking into consideration— (aa) changes in the subject area affected by the major rule; and (bb) whether the major rule overlaps, duplicates, or conflicts with other rules or, to the extent feasible, State and local government regulations; (III) the major rule needs to be improved in order to accomplish the regulatory objective