Final answer:
An Extension Request allows for additional time to review and comment on regulatory proposals, aiding public participation in the regulatory process.
Step-by-step explanation:
This action that gives you more time to participate in the regulatory process is known as an Extension Request. An Extension Request is typically used when stakeholders or members of the public need additional time to review and provide comments on a proposed rule or regulation.
Public hearings are also essential components of the regulatory process, offering another forum for public participation. Meanwhile, the Final Rule Publication marks the end of the rulemaking process, where the final version of the rule is officially published and becomes effective.