; and (ii) the approval would not detrimentally affect the cost efficiency or the effectiveness of identity verification, traveler vetting status authentication, or provision of access to physical screening at an airport. (C) Reports on denials of applications (i) In general If the Administrator denies an application submitted by an entity under paragraph (1), the Administrator shall provide to the entity, not later than 60 days after the date of the denial, a written report that sets forth— (I) the findings that served as the basis for the denial; (II) the results of any cost or security analysis conducted in considering the application