; or (2) a financial innovation the covered person offers or intends to offer. (b) Contents In a petition submitted under this section, the covered person shall— (1) submit an alternative compliance strategy that proposes a method to comply with the agency regulation or Federal statutory requirement; and (2) demonstrate that under the alternative compliance strategy, the financial innovation— (A) would serve the public interest; (B) improves consumer access to a financial product or service; (C) would not present systemic risk to the United States financial system