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

  • 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 FoldApr 15, 2019 - 3:45pm
Highway in the desert with mountains and blue skies in the background.

Life is a Highway – and We Can’t Drive It without the Insurance Industry

Every year, insurers fund road construction that would build a highway between Washington D.C. and Los Angeles?

ReportApr 02, 2019 - 9:30am

Financing Main Street: The State of Business Financing In America

The U.S. Chamber of Commerce surveyed more than 300 corporate finance professionals about their core financial services needs and the direct or indirect impact that financial regulation has had on their ability to access short- and long-term capital. We asked them about products they use, services they rely on, and the number of financial institutions they typically use for various transactions. We also asked them how they see their company as well as the broader economy performing over the next 12 months.

EventApr 02, 2019 - 8:30am to 2:15pm
CCMC Summit 2019 Graphic

13th Annual Capital Markets Summit: The New World of Finance

Join CCMC on Tuesday, April 2, 2019 at the 13th Annual Capital Markets Summit to discuss ways to promote efficient capital markets, support entrepreneurship, and sustain the long-term expansion of the economy.

Press ReleaseApr 02, 2019 - 8:30am

U.S. Chamber Report Shows Main Street Businesses Operate and Grow with A Vibrant and Diverse Financial System

WASHINGTON, D.C. — In an effort to inform our nation’s policy makers on the impact of financial services regulations on the business community, the U.S. Chamber of Commerce today released a survey of more than 300 corporate finance professionals at its annual Capital Markets Summit.

Letters to CongressMar 28, 2019 - 3:15pm

U.S. Chamber Letter Supporting the Nomination of Mark Calabria to lead the Federal Housing Finance Agency

This letter was sent to the United States Senate, supporting the nomination of Mark Calabria to be Director of the Federal Housing Finance Agency.

Above the FoldMar 22, 2019 - 10:30am
A Wall Street sign is displayed in New York City.

Attacks on Dual-Class Share Structures are Unjustified

Certain institutional investors continue attacking the structure that newly public companies and long-established businesses utilize.

Above the FoldMar 13, 2019 - 10:45am
The Securities and Exchange Commission (SEC) headquarters in Washington, D.C.

SEC Proposed Best Interest Rules: Putting Investors First

It will protect all investors and ensure each investor receives equal treatment, no matter where they live.

Letters to CongressMar 12, 2019 - 9:45am

Upcoming Hearing on the Consumer Financial Protection Bureau

This letter was sent to the Chairman and Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs ahead of an upcoming hearing on the Consumer Financial Protection Bureau.

Letters to CongressMar 05, 2019 - 4:45pm

Upcoming Hearing on the Consumer Financial Protection Bureau

This letter was sent to the Chairwoman and Ranking Member of the House Financial Services Committee ahead of an upcoming hearing on the Consumer Financial Protection Bureau.

Above the FoldFeb 14, 2019 - 10:15am
Traders work on the floor of the New York Stock Exchange in New York.

3 Things You Need to Know About Stock Buybacks

Lawmakers on both sides of the aisle have recently criticized stock buybacks. Their objections are misguided.