; (B) the provision to the user of an opportunity to present additional information that will be considered in the review; and (C) the provision to the user of notice of the decision made in the appeals process, including a statement of the reasoning sufficient to allow the user to understand the decision. (e) Transparency The Under Secretary for Science and Technology shall ensure that agreements under this section shall require that before engaging in an exercise under this section, the lead institution, an institution participating in a consortium under subsection (b)(4), and each trusted flagger agree to disclose to the Under Secretary any fiduciary or business relationship between such institution or trusted flagger and any participating technology company during the two-year period preceding the date of the exercise. (f) Reports (1) Report required Not later than 60 days after the last day of any voluntary online terrorist content moderation exercise conducted under this section, the lead institution, in consultation with the participating technology companies and trusted flaggers, shall— (A) produce a report on the voluntary online terrorist content moderation exercise; (B) publish such report on the public website of the lead institution; and (C) transmit a copy of such report to— (i) the Under Secretary for Science and Technology for publication on the public website of the Department of Homeland Security; and (ii) the Comptroller General of the United States. (2) Contents of report Each report under paragraph (1) shall include each of the following with respect to the exercise covered by the report: (A) A rating based on the letter rating system developed pursuant to subsection (b)(3)(D), for each participating technology company that participated in the exercise. (B) Information about— (i) the total number of notifications communicated to each participating technology company during the exercise