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What role does Congress have in the SEC petitioning process?

April 26, 2017Congress petitioning process sec

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What role does Congress have in the SEC petitioning process?

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Congress reviews the Secretary of HHS’ recommended decision. Congress can reverse or expedite the decision to add a class to the SEC. If Congress takes no action that effects the decision, it will take effect 30 calendar days after Congress receives the Secretary’s recommended decision.