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 FoldMar 22, 2019 - 10:30am
Traders work on the floor of the New York Stock Exchange.

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.

Letters to CongressFeb 07, 2019 - 9:15am

Improving Corporate Governance Through Diversity Act of 2019

This letter has been sent to Representative Meeks in support of the introduction of the “Improving Corporate Governance Through Diversity Act of 2019,”

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.

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.

Letters to CongressDec 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.