Oct. 23, 2023
the confusing legalistic language in regulations like this SEC rule often lacks meaningful input from the full range of stakeholders who will be impacted. A few reasons why stakeholder input may be limited: The process is dominated by regulators drafting technical rules and industry experts commenting, not end users. Average investors, small business owners and other "regular people" affected often lack the expertise to fully engage. Resource constraints prevent many individuals and smaller groups from hiring lawyers and advisors to interpret and provide input. Short comment periods and bureaucratic process creates barriers to participation. Those impacted may not even be aware of proposed rules open for comment and don't know how to effectively participate. Imbalance of influence where industry associations and lobbyists have more sway than individuals or public interest groups. You raise a great point. Increased stakeholder engagement from everyday Americans who will live under regulations could help pressure agencies to use plainer language and simplify complex rules. Without that input, legal and technical precision tends to prevail over accessibility and clarity. More public participation could lead to regulations that are easier to understand and comply with for all parties involved. Sent with Proton Mail secure email.