[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8255 Introduced in House (IH)]

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118th CONGRESS
  2d Session
                                H. R. 8255

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


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                    IN THE HOUSE OF REPRESENTATIVES

                              May 6, 2024

  Mr. Lucas introduced the following bill; which was referred to the 
                    Committee on Financial Services

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                                 A BILL


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

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 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.''.
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