This bill would require the Securities and Exchange Commission to allow a minimum 60-day public comment period for most proposed financial regulations, or at least 30 days if the SEC determines the rule addresses immediate investor harm. The requirement applies to all proposed rules where federal law already mandates public input. The bill affects investors, financial companies, and other stakeholders who want to weigh in on SEC regulations. No specific funding is allocated in the legislation, and it would take effect upon passage. The bill essentially establishes a floor for how long the SEC must wait before finalizing new rules, ensuring the public has adequate time to provide feedback on financial market regulations.
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