SEC Chair Gary Gensler from his statement on the Spring 2024 Regulatory Agenda: "We benefit in all of our work from robust public input regarding proposed rule changes."

The Office of Information and Regulatory Affairs released the Spring Unified Agenda of Regulatory and Deregulatory Actions, which includes contributions related to the Securities and Exchange Commission and short- and long-term regulatory actions that administrative agencies plan to take.

Statement from SEC Chair Gary Gensler:

"In every generation since the SEC’s founding 90 years ago, our Commission has updated rules to meet the markets and technologies of the times. We work to promote the efficiency, integrity, and resiliency of the markets. We do so to ensure the markets work for investors and issuers alike, not the other way around. We benefit in all of our work from robust public input regarding proposed rule changes."

Short- and long-term regulatory actions that the SEC plans to take:

Other Thoughts:

It will be particularly interesting to observe how Gary Gensler and his SEC's ambitious regulatory agenda unfolds in light of the US Supreme Court's recent ruling on Chevron. This decision limits the power of federal agencies to interpret 'ambiguous' laws (ALL of them) and could significantly impact the SEC's authority and the implementation of its proposed and final rule stages.

Given the Chevron ruling, courts may be less inclined to defer to the SEC's interpretations of the laws underpinning these regulations and could lead to more legal challenges and a slower, more contentious rulemaking process.

As the SEC navigates this new judicial environment, Apes should stay keenly watching and commenting to see how effectively the agency can advance its regulatory priorities while ensuring its rules withstand legal scrutiny.

TLDRS:

• SEC Chair Gary Gensler emphasizes the importance of public input in shaping rule changes.
• The Spring Unified Agenda of Regulatory and Deregulatory Actions outlines the SEC's regulatory plans.
• To consider: The Supreme Court's recent Chevron ruling limits federal agencies' power to interpret ambiguous laws.
  • This ruling may challenge the SEC's authority and slow down its rulemaking process.
  • Courts may be less deferential to the SEC's interpretations, leading to more legal challenges.