U.S. Chamber Offers Visual Representation of Massive Financial Reform Overhaul Through Interactive Chart

‘This chart is a sobering reminder of exactly what nearly 500 new rulemakings looks like,’ Engstrom Says

WASHINGTON, D.C.—The U.S. Chamber of Commerce unveiled an interactive chart today that offers a visual demonstration of the hundreds of regulations resulting from the Dodd-Frank Wall Street Reform and Consumer Protection Act.

“This chart is a sobering reminder of exactly what nearly 500 new rulemakings looks like,” said Amanda Engstrom, Senior Vice President of the U.S. Chamber’s Center for Capital Markets Competitiveness. “It would take hours and hours to go through and read every rule on this chart. Just imagine how long it will take agencies to sift through this confusing web of regulation, leaving America’s business owners stuck with tremendous uncertainty as they work to create American jobs.”

The interactive chart features all 259 mandated rulemakings and another 188 suggested rulemakings that emerged when Dodd-Frank was signed into law. Each dot shows a rule that regulators are mandated or authorized to enact. By clicking on a dot, one can read the rule and see which agencies have to enact the rule.

You can view the full interactive chart by clicking here: http://www.centerforcapitalmarkets.com

The release of the chart is part of the Chamber’s larger effort to shine a bright light on the impediments to job creation caused by confusing and overly burdensome regulations, and to work for reform of the regulatory process that restores needed balance, restraint, and checks and balances. The Chamber will soon stand up a new group to tell the story to the American people about the massive costs of excessive regulations on jobs and their personal and economic freedom.

Since its inception three years ago, the Center for Capital Markets Competitiveness has led a bipartisan effort to modernize and strengthen the outmoded regulatory systems that have governed our capital markets. The CCMC is committed to working aggressively with the administration, Congress, and global leaders to implement reforms to strengthen the economy, restore investor confidence, and ensure well-functioning capital markets.

The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations.

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