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

Bill: 118-hr-8255
Sponsor: full_name: Rep. Lucas, Frank D. [R-OK-3]
Introduced: 2024-05-06
Policy area: Finance and Financial Sector
Latest action: action_date: 2024-05-06
text: Referred to the House Committee on Financial Services.

Summaries:

tv_txt: I 118th CONGRESS 2d Session H. R. 8255 IN THE HOUSE OF REPRESENTATIVES May 6, 2024 Mr. Lucas introduced the following bill; which was referred to the Committee on Financial Services A BILL To establish a minimum public comment period with respect to proposed rules issued by the Securities and Exchange Commission.

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: (l) Minimum public comment period (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. .