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To establish a minimum public comment period with respect to proposed rules issued by the Securities and Exchange Commission.
H.R. 8255118th Congress

To establish a minimum public comment period with respect to proposed rules issued by the Securities and Exchange Commission.

Introduced in the HouseRep. Frank Lucas (R-OK-3)7 sections · 1 min read
Version: Introduced in House · May 6, 2024

Section 1. Minimum public comment period

Section 4 of the Securities Exchange Act of 1934 (15 U.S.C. 78d) is amended by adding at the end the following:

(1) In general

With respect to a proposed rulemaking for which a public comment period is required under section 553 of title 5, United State Code, the Commission shall provide a public comment period of—

(A) at least 60 days; or

(B) if the Commission determines the proposed rule addresses imminent investor harm, at least 30 days.

(2) Calculation of periods

For purposes of calculating the number of days in a period under paragraph (1) with respect to a proposed rulemaking—

(A) a Federal holiday shall not be counted; and

(B) the period shall begin on the date the proposed rule is published in the Federal Register.

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