H. R. 8255 aims to establish a minimum public comment period for the Securities and Exchange Commission's proposed rules. The bill mandates that a 60-day public comment period is required for proposed rules, but this can be reduced to 30 days if the Commission determines the...
Simple Explanation
H. R. 8255 wants to make sure people have enough time to give their thoughts on new rules by the U.S. Securities and Exchange Commission. Usually, people get 60 days to comment, but if something super important needs quick action to protect investors, they might only get 30 days, and public holidays don't count in this time.