of separation between China and the disqualified Chinese company involved. (II) The type (including sector of the economy), amount, and duration of the investment in the disqualified Chinese company. (III) The relationship between the disqualified Chinese company and China. (IV) The extenuating circumstances justifying the applicant’s need to invest in the disqualified Chinese company. (ii) Response The Secretary shall provide a written response to each completed application under clause (i) not later than 60 days after receipt of such application. Such written response shall be made publicly available and shall include: (I) A statement of whether the waiver has been provided or withheld. (II) The reasons for providing or withholding the waiver. (III) The identification of any future investments with respect to which such waiver applies. (IV) The date on which such waiver expires (which may not be later than the earlier of the termination of the extenuating circumstances referred to in clause (i)(IV) or the end of the biannual period referred to in subparagraph (A)). (C) Standards for determining if waiver is provided The Secretary may provide a waiver under this paragraph only if the Secretary independently determines that— (i) the need for such waiver, and the reasons for the need for such waiver, outweigh the threat posed to the United States by China and the lack of separation between China and the disqualified Chinese company involved, and (ii) extenuating circumstances justify the applicant’s need to invest in the disqualified Chinese company. For purposes of this subparagraph, the Secretary shall not consider the past or future financial returns of any investment in any disqualified Chinese company, or any other justification based on the applicant’s own financial needs, as an extenuating circumstance justifying such an investment. (D) Publication of waivers provided With respect to each calendar quarter, the Secretary shall publish and make publicly available a list of the waivers provided by the