The Federal Trade Commission (FTC) has received a petition for rulemaking from the Central Office of Reform and Efficiency. This petition seeks to amend existing regulations to create clear timelines for acknowledging and responding to rulemaking petitions to improve transparency and accountability. The FTC is welcoming public comments on this petition and will review all feedback before deciding whether to take action. Comments must be submitted by March 3, 2025, and they should not contain sensitive or confidential information.
Simple Explanation
The people in charge of making sure everyone follows the rules for trading things want to know if they should change how they handle requests for new rules, asking everyone what they think about this and giving them time until March 3, 2025, to share their ideas. They want to be sure everything is fair, but they don't tell us how they'll decide what ideas are best, and they remind people not to tell any secrets when sharing their thoughts.