All medical schools in the Commonwealth shall report information prescribed in subsection B of § 32.1-23.3 for fourth-year medical students who are in good standing and scheduled to graduate early or on time to the Department of Health for inclusion in the Eligible Health Care Provider Reserve Directory (the Directory) when such students register for inclusion in the Directory and consent to the release of their education records required for inclusion in the Directory in compliance with the Family Educational Rights and Privacy Act of 1974, 20 U.S.C. § 1232g.