Capital goes where it is welcome, where it feels safe, and where it has a reasonable opportunity to earn a profit. To maintain and advance its global leadership in capital formation, the United States must have the most fair, efficient, and innovative capital markets in the world.
We can’t achieve this without a modern and coherent financial services regulatory system.
In many ways, the government is moving us further away from well-functioning, well-regulated capital markets by producing a maze of overlapping, contradictory, and duplicative financial regulations.
The U.S. Chamber is fighting for the kind of financial rulemaking that protects consumers and investors, encourages reasonable risk taking, doesn’t constrain innovation and growth or allow special interest groups to advance their agendas at the expense of all investors, and is coordinated with other economies and among the many domestic agencies that issue financial regulations.
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.
The average payout for consumers in class action lawsuits is about $32 while the average plaintiff’s lawyer pockets $1 million.
The Fiduciary Rule, an Obama administration regulatory relic, imposes high costs on Americans.
The CFPB wants to stop the use of an efficient, cost-effective dispute resolution tool for consumers and businesses.
Changes Would Help Protect Investors, Incentivize Businesses to Go Public, and Generate Economic Growth
TO MEMBERS OF THE HOUSE OF REPRESENTATIVES:
Rep. Luetkemeyer introduced a bipartisan bill that rethinks how we approach bank supervision and prudential standards.
After two years of waiting, the Consumer Financial Protection Bureau released its anti-arbitration rule last week.
Tom Quaadman's testimony to the House Committee on Financial Services Subcommittee on Capital Markets, Securities, and Investment on the cost of being a public company in light of Sarbanes-Oxley and the federalization of corporate governance.
To Whom It May Concern:
What does Queen and banking have in common?
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Above the Fold is your window on policy, with analysis, commentary and real stories about the intersection of government and business.
