§ 1099c-2. Review of regulations
(a)
Review required
The Secretary shall review each regulation issued under this subchapter and part
C of subchapter
I of chapter
34 of title
42 that is in effect at the time of the review and applies to the operations or activities of any participant in the programs assisted under this subchapter and part
C of subchapter
I of chapter
34 of title
42. The review shall include a determination of whether the regulation is duplicative, or is no longer necessary. The review may involve one or more of the following:
(b)
Regulatory and statutory relief for small volume institutions
The Secretary shall review and evaluate ways in which regulations under and provisions of this chapter affecting institution of higher education (other than institutions described in section
1002
(a)(1)(C) of this title), that have received in each of the two most recent award years prior to October 7, 1998, less than $200,000 in funds through this subchapter and part
C of subchapter
I of chapter
34 of title
42, may be improved, streamlined, or eliminated.