; and (ii) the plan provides an equivalent or higher level of safety as the requirements described in paragraph (2)(B). (B) Triennial reviews Not less frequently than triennially, the Secretary shall review each alternative plan approved pursuant to subparagraph (A) to determine its continuing effectiveness at detecting bearing-related defects. (d) Rulemaking (1) In general Not later than 1 year after the date of the enactment of the Railway Safety Act of 2023 , the Secretary shall initiate a rulemaking, and not later than 2 years after such date of enactment, the Secretary shall issue a final rule, in compliance with Executive Order 12866 ( 5 U.S.C. 601 note; relating to regulatory planning and review), that— (A) requires covered rail carriers to submit, not later than 1 year after the issuance of such final rule, defect detector network plans that include the elements described in subsection (c)(2); (B) requires the covered rail carrier to implement the plan required under paragraph (1) not later than 3 years after the issuance of such final rule; (C) creates procedures to review, approve, monitor compliance of such plans; (D) establishes performance standards measured by the ability of a defect detection system to identify defects before a condition that is likely to result in an accident or incident, including how such ability will be measured and reported for data related to requirements; (E) requires the reporting of data regarding the defect defector network effectiveness, including defect detector failures; (F) creates requirements for covered rail carriers to test, inspect, and maintain any defect detector based on the evaluation completed pursuant to subsection (b)(1)