; and (bb) submit, as soon as practicable, to the Federal clearinghouse designated by the Director of the Office of Management and Budget under section 7504 of title 31, United States Code, a request to correct such information; or (ii) under subparagraph (B), the institution will not report any personally identifiable information with respect to individuals involved with the formal complaint on which the institution is reporting. (D) Upon receiving a request described in subparagraph (C)(i)(II)(bb), the Federal clearinghouse designated by the Director of the Office of Management and Budget under section 7504 of title 31, United States Code, shall modify or remove information reported under subparagraph (A), as applicable. (E) For purposes of this paragraph, the term principal investigator has the meaning given the term in paragraph (6) of section 2(a) of the Federal Funding Accountability and Transparency Act of 2006 ( 31 U.S.C. 6101 note). (31) The institution will disclose in any application for a Federal award (as defined in section 2 of the Federal Funding Accountability and Transparency Act of 2006 ( 31 U.S.C. 6101 note)) submitted by such institution whether, with respect to such Federal award, a principal investigator (as defined in paragraph (30)(D))— (A) is, at the time such application is submitted, subject to a grievance procedure described in section 106.8(b) of title 34, Code of Federal Regulations (or successor regulations)