; (ii) any potential costs, including an identification of persons likely to bear the costs, of rejecting the petition; and (iii) the baseline used by the agency to measure the likely economic consequences of rejecting the petition. (2) Resubmittal Receipt of a notice of disapproval of a petition under this subsection shall not preclude a covered person from revising and resubmitting such petition to the agency under section 6. (d) Moratorium If an agency disapproves a petition submitted in good faith under this section, the agency shall provide the covered person a reasonable amount of time before the agency takes an enforcement action against the covered person relating to the financial innovation that was the subject of the petition. (e) Judicial review A covered person may seek judicial review of an agency’s determination on a petition in accordance with subchapter II of chapter 5 of title 5, United States Code, and chapter 7 of such title (commonly known as the Administrative Procedure Act ). 8. Enforceable compliance agreement (a) In general If an agency approves a petition under section 7, the covered person shall enter into an enforceable compliance agreement with the agency, which shall include— (1) the terms under which the approved financial innovation may be developed or offered to the public; and (2) any requirements of the covered person and any agency with respect to the financial innovation. (b) Requirements Each agency, by rule, shall establish requirements relating to enforceable compliance agreements that include— (1) procedures for modifying the terms of the agreement; (2) consequences for failure to comply with the terms of the agreement; (3) a compliance examination process that— (A) solicits feedback from other agencies on the agreement; and (B) occurs not less frequently than annually; (4) a termination date for the agreement that is at least 1 year after the date on which the agreement is entered into; (5) procedures for extending the termination date