Not later than December 31, 2019, and five years thereafter, the university shall conduct an assessment of the university’s progress in meeting the purposes set forth in subsection (c) of § 10a-109b. The university shall select peers from nationally ranked research universities to conduct such assessment. The selected peers shall seek input from the chairpersons and ranking members of the joint standing committees of the General Assembly having cognizance of matters relating to finance, revenue and bonding, commerce and higher education prior to the completion of such assessment.