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

Above the FoldSep 17, 2018 - 4:15pm
Comic book character, Wolverine.

X-Men for Financial Regulatory Reform

Ten years after the financial crisis, an inadequate regulatory system plagues our financial system.

Above the FoldSep 06, 2018 - 9:15am
2018 Q3 Metlife and U.S. Chamber of Commerce Small Business Index: 69.7.

Small Business Optimism Keeps Growing as Access to Capital Remains Strong

The Metlife & U.S. Chamber of Commerce Small Business Index moved up to 68.9 in Q3, hitting another record high.

Above the FoldAug 02, 2018 - 9:00am
The Securities and Exchange Commission headquarters in Washington, D.C.

When It Comes to Saving for the Future, One Size of Financial Advice Does Not Fit All

The SEC should ensure investors have access to different types of services and products and fully understand the choices they are making.

Above the FoldJul 27, 2018 - 1:15pm
Finance app on a smart phone.

We Need to Bridge the Gap Between FinTech Policy and Innovation

Here are 8 principles for what smart policymaking looks like in this ever-changing industry.

LetterJul 25, 2018 - 9:45am

Letter Thanking Chairman Chabot and Ranking Member Velázquez

On July 24, 2018, Dr. Christel Slaughter, CEO of SSA Consultants and incoming U.S. Chamber Chair of the Small Business Council, sent a letter to Chairman Chabot and Ranking Member Velázquez thanking them for holding a hearing on how the passage of Tax Cuts and Jobs Act has benefited small businesses. The hearing will take place July 25, 2018.

LetterJul 24, 2018 - 11:15am

Nominations to the Securities and Exchange Commission and the Office of Financial Research

This letter was sent to the Chairman and Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs in support of nominations to the Securities and Exchange Commission and the Office of Financial Research.

LetterJul 24, 2018 - 9:30am

House Financial Services Committee Markup

This letter was sent to the Chairman and Ranking Member of the House Financial Services Committee ahead of a markup this morning.

EventJul 18, 2018 - 9:00am to 11:30am
FinTech Event Graphic

FinTech: Peeling Back the Layers

This event will explore how policymakers can approach fintech that fosters innovation and growth, while maintaining protections for consumers and businesses. Hear from industry experts and policymakers forging the way in this new financial world, and get a copy of the Chamber’s position paper outlining our principles.

LetterJul 18, 2018 - 9:00am

Key Vote Alert! - H.R. 6147, Department of the Interior, Environment, and Related Agencies Appropriations Act, 2019

This Key Vote Alert! letter was sent to all members of the U.S. House of Representatives regarding the Chamber’s recommendations for H.R. 6147, Department of the Interior, Environment, and Related Agencies Appropriations Act, 2019.

Above the FoldJul 18, 2018 - 8:30am
Senate banking bill passage

Quick Take: Your Primer on the JOBS Act 3.0

The legislation will help small and mid-size businesses raise the capital they need to expand, innovate, and hire new employees.