; and (2) by adding at the end the following: (2) Application process (A) In general A person who wishes to receive an exemption from the Commission pursuant to paragraph (1) shall file an application with the Commission in such form and manner and containing such information as the Commission may require. (B) Publication; rejection of invalid applications (i) In general Not later than the end of the 5-day period beginning on the date that the Commission receives an application under subparagraph (A), the Commission shall either— (I) publish the application, including by publication on the website of the Commission; or (II) if the Commission determines that the application does not comply with the proper form, manner, or information requirements described under subparagraph (A), reject such application and notify the applicant of the specific reasons the application was rejected. (ii) Failure to publish application If the Commission does not reject an application under clause (i)(II), but fails to publish the application by the end of the time period specified under clause (i), such application shall be deemed to have been published on the date that is the end of such time period. (3) Determination by Commission (A) In general Not later than 45 days after the date that the Commission publishes an application pursuant to paragraph (2)(B), the Commission shall, by order— (i) approve the application; (ii) if the Commission determines that the application would have been approved had the applicant provided additional supporting documentation or made certain amendments to the application— (I) provide the applicant with the specific additional supporting documentation or amendments that the Commission believes are necessary for the applicant to provide in order for the application to be approved; and (II) request that the applicant withdraw the application and re-submit the application with such additional supporting documentation and amendments