; and (B) by striking paragraph (2); and (5) by adding at the end the following: (i) Application This section shall apply to amphibious vessels operating as a small passenger vessel in waters subject to the jurisdiction of the United States, as such term is defined in section 2.38 of title 33, Code of Federal Regulations (as in effect on the date of enactment of the Coast Guard Authorization Act of 2024). . 324. Risk based examination of tank vessels Section 3714 of title 46, United States Code, is amended— (1) in subsection (a)(1), by striking The Secretary and inserting Except as provided in subsection (c), the Secretary ; (2) by redesignating subsection (c) as subsection (d); and (3) by inserting after subsection (b) the following: (c) Risk-based examination (1) In general With respect to examinations of foreign-flagged vessels to which this chapter applies, the Secretary may adopt a risk-based examination schedule to which such vessels shall be examined and the frequency with which the examinations occur. (2) Restriction The Secretary may not adopt a risk-based examination schedule under paragraph (1) until the Secretary has— (A) received and reviewed the study by the National Academies required under section 8254(b) of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 ( Public Law 116–283 ); (B) conducted the assessment recommended in the report of the Government Accountability Office submitted under section 8254(a) of such Act; (C) concluded through such assessment that a risk-based examination schedule provides not less than the level of safety provided by the annual examinations required under subsection (a)(1)