; and (bb) to provide appropriate and sufficient security for that network. (II) Determination The Secretary shall not unreasonably withhold consent to enter into an appropriate agreement described in subclause (I) with the transferee based on an evaluation by the Secretary of the ability of the transferee to assume the agreement and provide security described in item (bb) of that subclause. (iv) Reporting and auditing The Secretary shall— (I) simplify, to the maximum extent practicable, ongoing reporting and auditing requirements for recipients of a grant, loan, or loan guarantee under this section; and (II) allow a recipient described in subclause (I) whose financial information is consolidated with the financial information of a parent entity to rely on that consolidated financial information in complying with the requirements described in that subclause if the parent entity is providing a guarantee on behalf of a subsidiary of the parent entity with respect to the grant, loan, or loan guarantee. (v) Procurement and contracting The Secretary— (I) shall simplify, to the maximum extent practicable, requirements for recipients of a grant, loan, or loan guarantee under this section relating to the procurement of materials and retention of contractors; and (II) shall not unreasonably restrict the ability of a recipient described in subclause (I) to obtain goods and services from affiliated entities. ; (5) in subsection (e)(1)— (A) in subparagraph (A), by striking 25-Mbps and inserting 100-Mbps ; and (B) in subparagraph (B), by striking 3-Mbps and inserting 20-Mbps ; (6) by redesignating subsections (j) and (k) as subsections (l) and (m), respectively