Republicans Slam Gensler For Limiting SEC Comment Periods
By Tom Zanki (January 10, 2022, 3:04 PM EST) -- Two congressional Republicans on Monday criticized U.S. Securities and Exchange Commission Chair Gary Gensler for pushing proposals under what they claim are rapid timetables, saying the public's opportunity to comment on complex matters is being curtailed.
Sen. Pat Toomey, R-Pa., and Rep. Patrick McHenry, R-N.C., wrote a letter to Gensler claiming the SEC has recently proposed a raft of measures with "unreasonably short comment periods, which will harm the quality of public comment and may run afoul of the Administrative Procedure Act." The APA governs how federal agencies develop and issue regulations, including public comment requirements.
Toomey and McHenry pointed out...
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