; and (B) provide the primary financial regulatory agency of the nonbank financial company a copy of the nonpublic written explanation of the Council’s proposed determination. (5) Hearing (A) In general Not later than 30 days after the date of receipt of any notice of a proposed determination under paragraph (4), the nonbank financial company may request, in writing, an opportunity for a written or oral hearing before the Council to contest the proposed determination, including the opportunity to present a plan to modify the company’s business, structure, or operations in order to mitigate the risks identified in the notice, and which plan shall also include any steps the company expects to take during the implementation period to mitigate such risks. (B) Grant of hearing Upon receipt of a timely request, the Council shall fix a time (not earlier than 30 days after the date of receipt of the request) and place at which such company may appear, personally or through counsel, to— (i) submit written materials (which may include a plan to modify the company’s business, structure, or operations); or (ii) provide oral testimony and oral argument to the members of the Council. (6) Council consideration of company plan (A) In general If a nonbank financial company submits a plan in accordance with paragraph (5), the Council shall, prior to making a final determination— (i) consider whether the plan, if implemented, would mitigate the risks identified in the notice under paragraph (4)