; or (B) defer the decision on the permit and provide to the applicant a notice— (i) that specifies any steps that the applicant could take for the permit to be issued; and (ii) a list of actions that need to be taken by the agency to complete compliance with applicable law together with timelines and deadlines for completing such actions. (5) Requirements for deferred applications (A) In general If the Secretary provides notice under paragraph (4)(B), the applicant shall have a period of 2 years from the date of receipt of the notice in which to complete all requirements specified by the Secretary, including providing information needed for compliance with the National Environmental Policy Act of 1969. (B) Issuance of decision on permit If the applicant completes the requirements within the period specified in subparagraph (A), the Secretary shall issue a decision on the permit not later than 10 days after the date of completion of the requirements described in subparagraph (A), unless compliance with the National Environmental Policy Act of 1969 and other applicable law has not been completed within such timeframe. (C) Denial of permit If the applicant does not complete the requirements within the period specified in subparagraph (A) or if the applicant does not comply with applicable law, the Secretary shall deny the permit. (d) Eligible applicants An offshore aquaculture permit holder shall be— (1) a citizen or permanent resident of the United States; or (2) a corporation, partnership, or other entity that— (A) is organized and existing under the laws of a State or the United States