; and (II) request that the applicant withdraw the application and re-submit the application with such additional supporting documentation and amendments; or (iii) deny the application. (B) Extension of time period The Commission may extend the time period described under subparagraph (A) by not more than an additional 45 days, if— (i) the Commission determines that a longer period is appropriate and publishes the reasons for such determination; or (ii) the applicant consents to the longer period. (C) Time period for withdrawal If the Commission makes a request under subparagraph (A)(ii) for an applicant to withdraw an application, such application shall be deemed to be denied if the applicant informs the Commission that the applicant will not withdraw the application or if the applicant does not withdraw the application before the end of the 30-day period beginning on the date the Commission makes such request. (4) Proceedings; notice and hearing If an application is denied pursuant to paragraph (3), the Commission shall provide the applicant with— (A) a written explanation for why the application was not approved; and (B) an opportunity for hearing, if requested by the applicant not later than 20 days after the date of such denial, with such hearing to be commenced not later than 30 days after the date of such denial. (5) Result of failure to institute or commence proceedings An application shall be deemed to have been approved by the Commission, if— (A) the Commission fails to either approve, request the withdrawal of, or deny the application, as required under paragraph (3)(A), within the time period required under paragraph (3)(A), as such time period may have been extended pursuant to paragraph (3)(B)