; (5) implement recommendations from the Advisory Council of FinTech Directors; (6) conduct outreach to eligible FinTech startups when a covered action is made public or finalized; and (7) provide support for the Director of the Office with respect to the Director’s duties on the Advisory Council of FinTech Directors. (c) Inclusion in rulemaking Each Federal financial regulator shall, throughout the development of a new rule, including prior to the publication of a notice of proposed rulemaking in the Federal Register, work with the Office in assessing the potential effects of the rule on eligible FinTech startups. Each Office shall also advise the applicable Federal financial regulator on possible alternatives that may lessen the burden on eligible FinTech startups without meaningfully affecting the rule’s ability to achieve its purpose. 4. Regulatory harmonization for FinTech (a) Harmonization Each Designated Financial Regulator shall, in taking any covered action, harmonize and coordinate with the other Designated Financial Regulators in order to eliminate duplication and conflicting regulations that will impact eligible FinTech startups. (b) Advisory Council of FinTech Directors (1) Establishment (A) In general There is established the Advisory Council of FinTech Directors, which shall consist of— (i) the Director of each Office of Financial Innovation