DOL then held a public listening to, adopted by a 15-day remark interval for response.
“For the 2016 Fiduciary Rule and Associated Exemptions, DOL allowed a 75-day remark interval and granted a 15-day extension,” the teams informed Lisa Gomez, assistant secretary of Labor for the Worker Advantages Safety Administration. “After a public listening to, there was then one other 15-day remark interval.”
Labor ought to once more present at the very least the same remark interval, “particularly for a proposal that’s almost 500 pages lengthy,” the teams wrote.
Publishing the proposed rule within the Federal Register implies that the remark interval will fall over a number of federally acknowledged holidays, the teams added. “This solely additional complicates and limits the flexibility of trade stakeholders and different events to offer significant enter” on the proposed rule.
Holding a public listening to roughly 45 days after the proposed rule’s publication “successfully shortens the 60-day remark interval for many who request to testify on the listening to as a result of they might want to put together their feedback in time for the listening to,” the teams contend.
A listening to “after the tip of the remark interval would permit for DOL to ask questions concerning the feedback that they’ve acquired, fostering clarification and higher understanding,” the teams informed Gomez. “Commenters would additionally be capable of present suggestions to the division on the enter offered by others.”
The teams urged DOL to grant at the very least a 60-day extension of the remark interval for the and to schedule the general public listening to for a date after the preliminary remark interval closes, adopted by a further 30-day remark interval.
18 Commerce Teams Press DOL to Lengthen Fiduciary Rule Remark Interval
DOL then held a public listening to, adopted by a 15-day remark interval for response.
“For the 2016 Fiduciary Rule and Associated Exemptions, DOL allowed a 75-day remark interval and granted a 15-day extension,” the teams informed Lisa Gomez, assistant secretary of Labor for the Worker Advantages Safety Administration. “After a public listening to, there was then one other 15-day remark interval.”
Labor ought to once more present at the very least the same remark interval, “particularly for a proposal that’s almost 500 pages lengthy,” the teams wrote.
Publishing the proposed rule within the Federal Register implies that the remark interval will fall over a number of federally acknowledged holidays, the teams added. “This solely additional complicates and limits the flexibility of trade stakeholders and different events to offer significant enter” on the proposed rule.
Holding a public listening to roughly 45 days after the proposed rule’s publication “successfully shortens the 60-day remark interval for many who request to testify on the listening to as a result of they might want to put together their feedback in time for the listening to,” the teams contend.
A listening to “after the tip of the remark interval would permit for DOL to ask questions concerning the feedback that they’ve acquired, fostering clarification and higher understanding,” the teams informed Gomez. “Commenters would additionally be capable of present suggestions to the division on the enter offered by others.”
The teams urged DOL to grant at the very least a 60-day extension of the remark interval for the and to schedule the general public listening to for a date after the preliminary remark interval closes, adopted by a further 30-day remark interval.