“We’ve cut off the fuel supply" to businesses, U.S. Chamber President and CEO Tom Donohue explained in Chicago. "And guess what—America’s economic engine is sputtering.”
Following up the successful State of American Business address, Donohue took the Chamber’s pro-growth agenda to Chicago.
In the first of a series of #LetsGrow Tour events across the country—this one in collaboration with the Illinois Chamber of Commerce and Illinois Gov. Bruce Rauner—Donohue explained how poor financial regulations are holding back the economy:
Donohue explained three reforms that can fuel faster economic growth.
1. Restoring Main Street Lending
2. Repealing and Replacing the Fiduciary Rule
3. Reforming the Federal Reserve’s Regulatory Processes
Donohue assured the Windy City audience, "If our leaders choose growth—not just in the financial regulatory system but in all of our major policy areas—business startups will speed up, job creation will accelerate, incomes will rise, poverty will decline, investments will flood in, innovation will flourish, and our deficits will shrink."