; (C) upon request, coordinate with relevant State regulatory entities to provide information to the public with respect to financial innovations and agency regulations related to such financial innovations; and (D) establish procedures to reduce the regulatory burden of offering a financial innovation to the public and enable greater access to financial innovations. (2) Duties for petitions With respect to a covered person with an approved petition under section 7, each FSIO shall— (A) work with the covered person to address issues of how existing regulatory frameworks apply to the financial innovation that is the subject of the petition; (B) assist the covered person in complying with the requirements of Federal regulators of the financial innovation; and (C) assist the covered person in responding to any challenges to a modification or a waiver granted under subsection (d). (d) Waiver authority An agency, acting through the agency’s FSIO, may modify or waive the application of an agency regulation of the agency or the Federal statute under which the agency has rulemaking authority if— (1) a petition of the covered person has been approved under section 7; and (2) the agency determines that compliance with such agency regulation or Federal statute would impede the ability of a covered person to offer the financial innovation that is the subject of the petition. (e) Termination of other programs