; (B) a renewal of a license, grant of market access, or authorization described in subparagraph (A); or (C) a modification of a license, grant of market access, or authorization described in subparagraph (A); (2) shall include with a grant made under this subsection a statement of the reasons of the Commission for making the grant; (3) may extend a grant made under this subsection for a period not to exceed 180 days; and (4) shall give expeditious treatment to any— (A) timely filed petition to deny a grant under this subsection; or (B) timely filed petition for rehearing of a grant made under this subsection that is filed under section 405. (i) State preemption of market entry; rates (1) In general Notwithstanding any other provision of law, a State or local government may not regulate the rates charged by— (A) an applicant or licensee with respect to a license granted under subsection (b); (B) an applicant or grantee with respect to a grant of market access granted under subsection (c); or (C) an applicant or entity with respect to an authorization granted under subsection (d). (2) Exception Paragraph (1) shall not prohibit a State or local government from adopting fair and reasonable regulations governing the other terms and conditions of a licensee, grantee, or entity, including regulations to protect aesthetic and safety interests, provided such regulations do not prohibit or have the effect of prohibiting market entry or the provision of service. (j) Regulatory restraint (1) Limitation on information required to be provided In performing any act, issuing any rule or regulation, or issuing any order necessary to carry out this section, the Commission— (A) shall limit the information required to be furnished to the Commission to that which is strictly necessary