Because it is too expensive (it's an ANSI Standard, which makes things difficult), there are no sponsors for it and not enough are interested to do the work.
The language evolves in libraries, portable substrates and implementations since some time.
Note that the language has a lot of flexibility for change built in: reader macros for the s-expression syntax, macros for the Lisp syntax, meta-object protocol for the object-system, packages enable new Lisp dialects, ...
I guess this pretty much sums up the state of many common lisp libraries.
Also, if it is so portable and so useful, why hasn't it made part of the language and of the various implementations?
Why there are no updates to the standard?