Regulatory Outlook | 01.11.22
Lawmakers, Trade Groups Seek More Time to Comment on SEC Proposals
Public comment about SEC rule proposals is being rushed, according to some. In a letter Monday to SEC Chair Gary Gensler, U.S. Representative Patrick McHenry (R-NC), ranking member of the House Financial Services Committee, and Senator Patrick Toomey (R-PA), ranking member of the Senate Banking Committee, said the agency has “consistently provided unreasonably short comment periods” since Gensler began his term last April. The Securities Industry and Financial Markets Association also complained about a tight comment deadline in a letter this week raising concerns about the SEC’s proposal on securities lending reporting.
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