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

 

Priorities for 2018

  • 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

TestimonyMay 23, 2018 - 10:15am

U.S. Chamber testimony on fueling capital and growth on Main Street

Tom Quaadman, executive vice president of the U.S. Chamber's Center for Capital Markets Competitiveness (CCMC) is testifying today before the House Financial Services Subcommittee on Capital Markets, Securities, and Investment during a hearing on legislative proposals to help fuel capital and growth on Main Street.

Press ReleaseMay 22, 2018 - 5:45pm

U.S. Chamber Statement on House Passage of Bank Relief Legislation

WASHINGTON, D.C. — U.S. Chamber of Commerce President and CEO Thomas J. Donohue issued the following statement today in response to the passage of the “Economic Growth, Regulatory Relief, and Consumer Protection Act” by the U.S. House of Representatives:

Above the FoldMay 22, 2018 - 9:00am
Yorvit Torrealba of the Colorado Rockies breaks his bat while batting.

CFPB Summertime Comment Series Swings into Action

This is a good opportunity to put the bureau on a solid footing.

LetterMay 21, 2018 - 1:15pm

Key Vote Letter to the U.S. House on the "Economic Growth, Regulatory Relief, and Consumer Protection Act"

TO THE MEMBERS OF THE U.S. HOUSE OF REPRESENTATIVES:  The U.S. Chamber of Commerce supports S. 2155, the “Economic Growth, Regulatory Relief, and Consumer Protection Act,” which would better tailor regulations for community and regional banks.  The Chamber will consider including votes on, or in relation to, this bill in our annual How They Voted scorecard. 

LetterMay 21, 2018 - 12:45pm

Key Vote Alert! - S. 2155, the "Economic Growth, Regulatory Relief, and Consumer Protection Act"

This Key Vote Alert! letter was sent to all members of the U.S. House of Representatives in support of S. 2155, the “Economic Growth, Regulatory Relief, and Consumer Protection Act.”

Above the FoldMay 08, 2018 - 10:00am
Richard Cordray, former director of the Bureau of Consumer Financial Protection, testified before the Senate Banking Committee in 2016.

Henry Fonda May Have Something to Say to Richard Cordray

The Bureau of Consumer Financial Protection has the opportunity to make meaningful changes to create a more mature, data-driven agency.

Above the FoldApr 27, 2018 - 4:45pm
Dropbox's logo is displayed during the company's initial public offering at the Nasdaq MarketSite in New York City.

How to Beat the Crisis of the Vanishing IPO

The decline in public companies has created fewer opportunities for American families and businesses.

ReportApr 26, 2018 - 4:30pm
Cover Image of the Report

EXPANDING THE ON-RAMP: Recommendations to Help More Companies Go and Stay Public

Going public” has long been the goal of entrepreneurs who start a business from scratch, grow it into a thriving enterprise, then have the opportunity to offer shares to the general public through an initial public offering (IPO).

EventApr 26, 2018 - 8:30am to 2:30pm
12th Annual Capital Markets Summit Title Image

12th Annual Capital Markets Summit: Financing the Future of American Business

Join CCMC at the 12th Annual Capital Markets Summit to discuss Washington’s renewed efforts to create the best financial regulatory system for businesses, consumers, and investors alike. At the Summit, we bring together high-level attendees, major media outlets, and leaders from the public and private sectors, to broadly focus on the state of financial regulation and the impact on the economy’s ability to grow.

Press ReleaseApr 26, 2018 - 8:00am

U.S. Chamber and Partners Make Recommendations to Reverse Decline in IPOs, Expand America’s Public Capital Markets

WASHINGTON, D.C. — The U.S. Chamber of Commerce, along with a host of partner organizations representing a diverse cross-section of the American economy, issued a new report today that offers a slate of recommendations for strengthening U.S.