The Commission’s vote on whether to proceed with rulemaking that would change regulations governing disclosure of company-specific information is now scheduled for February 12, according to the agency’s public calendar. The vote on whether to publish the CPSC staff’s draft proposal as a proposed rule had been scheduled for February 5.
The postponement may reflect that Commissioners sought more time to consider the controversial changes, as previously discussed on the Section 15(b) Report.
The day before the scheduled hearing, CPSC staff provided written responses to several questions and concerns raised by Commissioner Ann Marie Buerkle. Commissioner Buerkle had asked the staff to provide written responses after the Commission’s January 24 meeting at which the staff was instructed not to fully answer several of her questions because they might constitute a confidential legal interpretation of how the draft rules would expand disclosure of company information in practice.
Publication of the notice of proposed rulemaking in the Federal Register will trigger a 60-day comment period on the changes. You can watch the hearing live online here.