; and (iii) the covered proposed rule was open for public comment for a period of at least 120 days; and (B) if the duties, disclosures, penalties, and other mandates imposed by the covered proposed rule apply equally to franchised, independent, and direct sellers of automobiles. (d) Definitions In this Act: (1) Commission The term Commission means the Federal Trade Commission. (2) Covered proposed rule The term covered proposed rule means any rule proposed by the Commission on or after January 4, 2024, that is similar or related to the final rule described in subsection (a).