REPORT AND RECOMMENDATIONS.

SEC. 1426. REPORT AND RECOMMENDATIONS. (a) Interim Report.— The Commission shall submit an interim report to the President and the Congress on the Commission’s activities and findings within 18 months of the date of enactment of this Act. (b) Final Report.— (1) In general.— The Commission shall submit a final report to the President and the Congress on the Commission’s activities and findings within 3 years of the date of enactment of this Act. (2) Recommendation.— The report described in paragraph (1) shall contain a recommendation regarding the establishment of a national policy on independent colleges and universities appropriate to meeting the Nation’s higher educational goals in the twenty-first century.