As noted in the SEC's press release:
The Commission is seeking public comment on the process it should use to conduct retrospective reviews, such as how often rules should be reviewed, the factors that should be considered, and ways to improve public participation in the rulemaking process....
President Barack Obama issued an order on July 11 that recommended that independent regulatory agencies consider how they might best analyze rules that
may be outmoded, ineffective or excessively burdensome, and modify, streamline
or repeal them. The order also recommends analysis of regulations that might need to be strengthened or modernized, which may entail new rulemaking.
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