; (B) recommendations for reducing delays and inefficiencies resulting from part 450 that do not rely solely on additional personnel or funding; and (C) an estimate for a timeline and funding for implementing the recommendations described in subparagraph (B). (b) Rulemaking committee (1) In general The Secretary shall consider establishing a Space Transportation Rulemaking Committee, comprised of established and emerging United States commercial space launch and reentry services providers (including providers that hold, and providers that have applied for but not yet received, licenses issued under chapter 509 of title 51, United States Code)— (A) to facilitate industry participation in developing recommendations for amendments to part 450 to address the challenges identified in conducting the review required by subsection (a) or under paragraph (2) of section 50905(d) of title 51, United States Code (as added by subsection (d)(3)); and (B) to provide a long-term forum for the United States commercial spaceflight industry to share perspectives relating to regulations affecting the industry. (2) Prevention of duplicative efforts The Secretary shall ensure that a Space Transportation Rulemaking Committee established under this subsection does not provide services or make efforts that are duplicative of the services provided and efforts made by the Commercial Space Transportation Advisory Committee. (c) Encouragement of innovation The Secretary shall, on an ongoing basis, determine whether any requirements for a license issued under chapter 509 of title 51, United States Code, can be modified or eliminated to encourage innovative new technologies and operations. (d) Modifications to requirements and procedures for license applications (1) Consideration of safety rationales of license applicants Section 50905(a)(2) of title 51, United States Code, is amended— (A) by striking Secretary may inserting the following: “Secretary— (A) may ; (B) by striking the period at the end and inserting ; and