McHenry angry about public input
Congressman Patrick McHenry is in the news this week, railing about the decision to allow public input into a move to weaken investor protection laws. Firedoglake has a good summary of the story.
Congress created tight deadlines in the JOBS Act for rule promulgation, ones which would have made a public comment period impossible….Investor groups sought the opportunity to make their case, said they would take the SEC to court to ensure that, and Schapiro ultimately decided to follow the normal course of action with a public comment period. So McHenry is mad that the public gets to weigh in, as per usual, on the terrible ripping up of investor protection laws envisioned by the JOBS Act.