Subject: File No. S7-04-23
From: Rana Wright

The reopening of the comment period for the SEC's proposal does have some drawbacks: Rulemaking Delays: Extending the comment period might slow down the process of making new rules. This means it takes longer for these rules to become official. Extra Work: Keeping the comment period open for longer means more work for the SEC. They have to handle and review more comments, which can be a bit of a hassle. Complex Rules: More time for comments could make the rules more complicated. It might be harder for people in the finance industry to understand and follow them. Business Uncertainty: If the rules take longer to finalize, it makes it harder for businesses to plan ahead. They might not know the rules for a while, which can be confusing. Conflicting Opinions: With more time for comments, people might have different opinions. This can make it tricky for the SEC to decide what's best, and there could be disagreements. Resource Strain: Handling and reviewing a lot of comments can be tough on the SEC's resources. It takes more time and effort to deal with a big volume of feedback.