https://www.uschamber.com/financial-regulation

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

FINANCING AMERICA'S ECONOMIC GROWTH

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.

Issues Briefs & Related Topics

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.

Download Financial Regulation Priorities

Download Financial Regulation Priorities

Recent Activity

EventJun 29, 2018 - 8:30am to 10:00am

Discussion with SEC Commissioner Mike Piwowar

The U.S. Chamber's Center for Capital Markets Competitiveness (CCMC) on Friday, June 29, from 8:30 a.m. to 10:00 a.m., hosted an event with SEC Commissioner Mike Piwowar. Commissioner Piwowar has been an advocate for free markets during his tenure at the SEC and we are delighted to host him for a discussion on the state of SEC's regulatory agenda.

TestimonyJun 28, 2018 - 1:00pm

Testimony: Legislative Proposals to Examine Corporate Governance

Tom Quaadman, executive vice president of the U.S. Chamber's Center for Capital Markets Competitiveness (CCMC), testified before the Senate Banking Committee during a hearing on legislative proposals to examine corporate governance.

LetterJun 25, 2018 - 5:45pm

Legislative Proposals to Increase Access to Capital

This letter was sent to the Chairman and Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs ahead of a hearing tomorrow.

Above the FoldJun 22, 2018 - 3:00pm

The European Union and United States Must Respect Their Financial Regulatory Differences

The EU has proposed a multitude of financial regulations that could discourage other countries from doing business in Europe.

Samantha DeZur

LetterJun 21, 2018 - 10:15am

House Financial Services Committee Markup of H.R. 5970, H.R. 6130, H.R. 6139

This letter was sent to the Chairman and Ranking Member of the House Financial Services Committee ahead of their markup of the proposed bills.

LetterJun 20, 2018 - 2:00pm

FY 2019 Financial Services and General Government Appropriations Bill - Senate Appropriations Committee

This letter was sent to the Chairman and Ranking Member of the Senate Appropriations Committee ahead of their markup tomorrow of the Fiscal Year 2019 Financial Services and General Government Appropriations bill.

LetterJun 13, 2018 - 2:15pm

U.S. Chamber of Commerce- House Financial Services Committee Markup of H.R. 6035, H.R. 5749, and H.R. 6068

This letter was sent to the Chairman and Ranking Member of the House Financial Services Committee ahead of their markup tomorrow.

TestimonyJun 13, 2018 - 2:15pm

Testimony: Ensuring Effectiveness, Fairness, and Transparency in Securities Law Enforcement

Tom Quaadman, executive vice president of the U.S. Chamber's Center for Capital Markets Competitiveness (CCMC) testified before the House Financial Services Subcommittee on Capital Markets, Securities, and Investment during a hearing on ensuring effectiveness, fairness, and transparency in securities law enforcement.

Tom Quaadman

Above the FoldJun 07, 2018 - 11:00am

Mick Mulvaney, acting director of the Consumer Financial Protection Bureau (CFPB), speaks at a Senate Banking, Housing & Urban Affairs Committee hearing.

We Have the Opportunity to Make CFPB More Accountable and Transparent

Recommended improvements include reforming how the bureau engages with industry and addressing concerns about its complaint database.

Kate (Larson) Prochaska

TestimonyJun 06, 2018 - 1:00pm

U.S. Chamber Testimony on Improving Transparency and Accountability at the Bureau of Consumer Financial Protection

Testimony by Kate Larson, director for the U.S. Chamber's Center for Capital Markets Competitiveness (CCMC), delivered to the House Financial Services Subcommittee on Financial Institutions and Consumer Credit during a hearing on improving transparency and accountability at the Bureau of Consumer Financial Protection.