; and (2) by adding at the end the following: (3) Any regulation proposed by the Secretary under paragraph (1)(C) of this subsection shall not be subject to the requirements of paragraph (2). . (b) Requirement To prescribe regulations Not later than 18 months after the date of enactment of this Act, the Secretary of Education shall issue regulations that meet the requirements of subparagraph (C) of section 478(a)(1) of the Higher Education Act of 1965 ( 20 U.S.C. 1087rr(a)(1) ), as added by subsection (a). 4507. Updated tables and amounts to need analysis Section 478 of the Higher Education Act of 1965 ( 20 U.S.C. 1087rr ) is further amended— (1) in subsection (b)— (A) in paragraph (1), by striking subparagraphs (A) and (B) and inserting the following: (A) In general For each award year after award year 2021–2022, the Secretary shall publish in the Federal Register a revised table of income protection allowances for the purpose of sections 475(c)(4) and 477(b)(4), subject to subparagraphs (B) and (C). (B) Table for independent students For each award year after award year 2021–2022, the Secretary shall develop the revised table of income protection allowances by increasing each of the dollar amounts contained in the table of income protection allowances under section 477(b)(4) by a percentage equal to the estimated percentage increase in the Consumer Price Index (as determined by the Secretary for the most recent calendar year ending prior to the beginning of the award year for which the determination is being made), and rounding the result to the nearest $10. ; and (B) in paragraph (2)— (i) in the first sentence, by striking academic year after academic year 2007–2008 and inserting award year after award year 2021–2022