REPORTS TO CONGRESS.

SEC. 407. REPORTS TO CONGRESS. (a) In General.—Not later than 90 days after the conclusion of each fiscal year in which assistance under this Act is made available, the Secretary shall submit to the Congress a report that contains— (1) a description of the progress made in accomplishing the objectives of this Act; (2) a summary of the use of funds available under this Act during the preceding fiscal year; and (3) a description of the aggregate outstanding loan guarantees under title VI. (b) Related Reports.—The Secretary may require recipients of grant amounts under this Act to submit to the Secretary such reports and other information as may be necessary in order for the Secretary to make the report required by subsection (a).