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(i) inserting ‘‘if the Secretary or Ad-
ministrator considers necessary,’’ before ‘‘the
waiver’’; and
(ii) striking ‘‘the increased’’ and in-
serting ‘‘any significant increase in’’.
(4) Section 53708 is amended—
(A) by striking ‘‘SECRETARY OF TRANSPOR-
TATION’’ in the heading of subsection (a) and in-
serting ‘‘ADMINISTRATOR’’;
(B) by striking ‘‘Secretary’’ and ‘‘Secretary
of Transportation’’ each place they appear in
subsection (a) and inserting ‘‘Administrator’’;
(C) by striking ‘‘OF COMMERCE’’ in the
heading of subsection (b);
(D) by striking ‘‘of Commerce’’ in sub-
sections (b) and (c);
(E) in subsection (d), by—
(i) inserting ‘‘or Administrator’’ after
‘‘Secretary’’ the first place it appears; and
(ii) striking ‘‘financial structures, or
other risk factors identified by the Sec-
retary. Any independent analysis conducted
under this subsection shall be performed by
a party chosen by the Secretary.’’ and in-
serting ‘‘or financial structures. A third
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party independent analysis conducted under
this subsection shall be performed by a pri-
vate sector expert in assessing such risk fac-
tors who is selected by the Secretary or Ad-
ministrator.’’; and
(F) in subsection (e), by—
(i) inserting ‘‘or Administrator’’ after
‘‘Secretary’’ the first place it appears; and
(ii) striking ‘‘financial structures, or
other risk factors identified by the Sec-
retary’’ and inserting ‘‘or financial struc-
tures’’.
(5) Section 53710(b)(1) is amended by striking
‘‘Secretary’s’’ and inserting ‘‘Administrator’s’’.
(6) Section 53712(b) is amended by striking the
last sentence and inserting ‘‘If the Secretary or Ad-
ministrator has waived a requirement under section
53707(d) of this title, the loan agreement shall include
requirements for additional payments, collateral, or
equity contributions to meet the waived requirement
upon the occurrence of verifiable conditions indi-
cating that the obligor’s financial condition enables
the obligor to meet the waived requirement.’’.
(7) Subsections (c) and (d) of section 53717 are
each amended—
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(A) by striking ‘‘OF COMMERCE’’ in the sub-
section heading; and
(B) by striking ‘‘of Commerce’’ each place it
appears.
(8) Section 53732(e)(2) is amended by inserting
‘‘of Defense’’ after ‘‘Secretary’’ the second place it ap-
pears.
(9) The following provisions are amended by
striking ‘‘Secretary’’ and ‘‘Secretary of Transpor-
tation’’ and inserting ‘‘Administrator’’:
(A) Section 53710(b)(2)(A)(i).
(B) Section 53717(b) each place it appears
in a heading and in text.
(C) Section 53718.
(D) Section 53731 each place it appears, ex-
cept where ‘‘Secretary’’ is followed by ‘‘of En-
ergy’’.
(E) Section 53732 (as amended by para-
graph (8)) each place it appears, except where
‘‘Secretary’’ is followed by ‘‘of the Treasury’’, ‘‘of
State’’, or ‘‘of Defense’’.
(F) Section 53733 each place it appears.
(10) The following provisions are amended by
inserting ‘‘or Administrator’’ after ‘‘Secretary’’ each
place it appears in headings and text, except where
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‘‘Secretary’’ is followed by ‘‘of Transportation’’ or ‘‘of
the Treasury’’:
(A) The items relating to sections 53722
and 53723 in the chapter analysis for chapter
537.
(B) Sections 53701(1), (4), and (9) (as re-
designated by paragraph (1)(A)), 53702(a),
53703, 53704, 53706(a)(3)(B)(iii), 53709(a)(1),
(b)(1) and (2)(A), and (d), 53710(a) and (c),
53711, 53712 (except in the last sentence of sub-
section (b) as amended by paragraph (6)), 53713
to 53716, 53721 to 53725, and 53734.
(11) 
Sections 
53715(d)(1), 
53716(d)(3),
53721(c), 53722(a)(1) and (b)(1)(B), and 53724(b)
are amended by inserting ‘‘or Administrator’s’’ after
‘‘Secretary’s’’.
(b) REPEAL OF SUPERSEDED AMENDMENTS.—Section
3507 (except subsection (c)(4)) of the National Defense Au-
thorization Act for Fiscal Year 2006 (Public Law 109–163)
is repealed.
SEC. 5204. ADDITIONAL AMENDMENTS BASED ON PUBLIC
LAW 109–163.
(a) AMENDMENTS.—Title 46, United States Code, is
amended as follows: