SEC Solicits Comments on JOBS Act Rulemaking Ahead of Publishing Proposed Rules
The SEC has posted an invitation for interested parties to provide preliminary comments regarding the rulemaking it must conduct in connection with the JOBS Act. While it is not common practice for the SEC to solicit public comments before it has actually promulgated proposed rules, it is not unprecedented either—it employed the same process in connection with its substantial rulemaking responsibilities under the Dodd-Frank Act. Interested parties will also have an opportunity to comment on JOBS Act rules during the formal comment period after publication of proposed regulations in the Federal Register. The preliminary comments can be submitted electronically here.Please contact us if you would like assistance in submitting comments.