The conceptual model of emotion regulation (ER) of Gross and Thompson (2007) introduces families of ER strategies ordered on a temporal scale. This scale has been attributed implications both for the grouping strategies but also for the neurocognitive processing. The two event-related potential (ERP) studies of emotional regulation presented here focus on emotional regulation at different temporal distances, as well as, different stages of cognitive processing. Trying to discern if various neural processes could be disentangled by looking at different stages of the late positive potential (LPP). The theoretical background begins with the neurocognitive science of emotionality and visits cognitive processing at both early and late stages before summating results of the contemporary research of emotional regulation. 39 participants were enrolled within the two experiments aiming to compare the efficiency of different strategies in reducing negative social emotion induced by photographs of angry faces. Technical difficulties discourage conclusions about how temporal distancing is most effectively adapted. Results suggest self-focused distancing strategies are more effective than situation-focused reappraisal and could be preferred for therapeutic purposes based on greater observed LPP effect.