; (ii) identify any limitations on the flexibility, including any time limits; (iii) identify the statutory authority under which the flexibility is provided; (iv) identify the class of covered entities to which the flexibility will apply; (v) identify whether a covered entity will need to request the flexibility or whether the flexibility will be applied without request; (vi) in the case of a flexibility that requires a covered entity to request the flexibility, identify the factors the Secretary will consider in approving or denying the flexibility; (vii) explain how the flexibility is expected to benefit the covered entity or class of covered entities to which it applies; and (viii) explain the reasons the flexibility is necessary and appropriate due to COVID–19. (2) Quarterly reports Not later than 10 days after the end of each fiscal quarter for the duration of the qualifying emergency through the end of the first fiscal year beginning after the conclusion of such qualifying emergency, the Secretary shall submit to the authorizing committees a report that includes, with respect to flexibilities described in paragraph (4) that have been issued by the Secretary in the most recently ended fiscal quarter, the following: (A) In the case of a flexibility that was issued by the Secretary without request from a covered entity, an explanation of all requirements, including reporting requirements, that the Secretary imposed on the covered entity as a condition of the flexibility. (B) In the case of a flexibility for which a covered entity requested and received specific approval from the Secretary— (i) identification of the covered entity that received the flexibility; (ii) an explanation of the specific reasons for approval of the request; (iii) a detailed description of the terms of the flexibility, including— (I) a description of any limitations on the flexibility