...But A Final Rule Is Just The Beginning
A "final rule," though, is just the first step in what will still be a long process of working out the real-world implications of new regulations. Wagner said that along with the rule itself, several Advisory Circulars are due for publication, and altogether it is a lot of complex material to be sorted through. As late as yesterday, some of the rule's critical details were not yet clear -- such as when it will become effective. Wagner said that normally a rule takes effect 30 days or more after publication ... but this one is very big and very complicated. Earlier, "there was some discussion that it might be implemented in stages, but we don't know," he said. That's the kind of detail that leaves the industry anxiously awaiting the publication in the Federal Register, and hoping to have a week's time at Oshkosh to hash it all out.