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Financial Regulation

Businesses of all sizes need well-functioning and multi-faceted capital markets. Excessive and unnecessary banking and securities regulations constrain access to capital for businesses, making it harder for them to form and grow. The Chamber believes a free and efficient capital market system is essential to economic growth and innovation.

In addition, public companies are facing increasing outside pressure to focus on short term gains and special interests over long term wellbeing and investment. The Chamber is focused on rebalancing the system to reinvigorate the public company model.

Projects and Programs

FINANCING AMERICA'S ECONOMIC GROWTH

The Chamber will defend America’s financial institutions and our capital markets from destructive attacks. We should be praising and perfecting our capital markets as a crown jewel of our economic system—not trying to tear them down.

Issues Briefs & Related Topics

 

Priorities

  • Alleviate the regulatory burden that is currently deterring companies from going public. Building off the success of the 2012 JOBS Act, the Chamber will advocate for a set of reform recommendations to help more companies go public.
  • Bring transparency and accountability to proxy advisory firms, modernize corporate disclosures, reform the shareholder proposal system, and expose special interest activism.
  • Enact legislation that provides broad relief to banks that offer critical main street financing, and pursue regulatory changes for those banks not afforded legislative relief.
  • Reform bank capital and liquidity rules to free up lending to small and midsize businesses, including by:
    • Pursuing legislation revising section 165 of the Dodd-Frank Act, such that application of enhanced prudential standards and supervision by the Federal Reserve is based on a multifactor risk assessment.
    • Advocating for recalibration of Basel III standards, the removal of these standards’ gold-plating by the Federal Reserve, broad relief for community banks, and reforms to the Dodd-Frank Act stress tests and comprehensive capital analysis and review.

Recent Activity

Press ReleaseJan 10, 2019 - 9:30am

U.S. Chamber’s Donohue: Preserve, Strengthen, and Expand the American Dream

Immigration, Infrastructure, Trade, and Corporate Governance Top 2019 Agenda Alongside Call for Bipartisanship

Above the FoldJan 07, 2019 - 6:15pm
Tom Donohue at the 2018 State of American Business

It was a Busy and Productive 2018 for the U.S. Chamber

Last year was full of accomplishments. 2019 will be no different.

U.S. Chamber Staff
Above the FoldDec 21, 2018 - 11:15am
Jay Clayton, chairman of U.S. Securities and Exchange Commission.

Here’s Why 2019 Could Be a Big Year for Main Street Investors

The SEC chairman recently discussed how his agency plans to make corporate governance a significant focus in the new year.

Tom Quaadman
LetterDec 12, 2018 - 12:00pm

Hearing on Current Expected Credit Loss (CECL) Accounting Standard

This letter was sent to the House Financial Services Committee, on its hearing yesterday on the Current Expected Credit Loss (CECL) accounting standard.

LetterNov 27, 2018 - 1:30pm

Nomination of Kathy Kraninger for Director of the BCFP

This letter was sent to the U.S. Senate supporting the nomination of Kathy Kraninger for director of the Bureau of Consumer Financial Protection.

LetterNov 27, 2018 - 1:30pm

Nomination of Kathy Kraninger for Director of the BCFP

This letter was sent to the U.S. Senate supporting the nomination of Kathy Kraninger for director of the Bureau of Consumer Financial Protection.

EventNov 27, 2018 - 8:30am to 11:00am
FinTech Event Graphic

FinTech: Peeling Back the Layers

Join the U.S. Chamber’s Center for Capital Markets Competitiveness (CCMC) and the Chamber Technology Engagement Center (C_TEC) on November 27 for a joint event to discuss the changing world of fintech and the complex regulatory landscape.

Nov 14, 2018 - 3:30pm
Federal Reserve building

Financial Regulators have the Chance to Provide Regulatory Relief for Businesses

They have clear instructions to tailor prudential requirements so they reflect the risk profile of individual firms.

Bill Hulse
LetterNov 13, 2018 - 1:30pm

Proxy Advisory Firms Pose a Threat to American's Retirement Savings

An open letter from the U.S. Chamber of Commerce and the National Association of Manufacturers.

Above the FoldOct 18, 2018 - 2:30pm
The Securities and Exchange Commission headquarters in Washington, D.C.

Quick Take: Your Primer on SEC's Proposed Best Interest Regulations

Proposals have been released regarding standards of conduct for broker-dealers and investment advisers.

U.S. Chamber Staff
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