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

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.

LetterJul 16, 2018 - 5:00pm

Key Vote Alert! - The House Amendment to S. 488, the "JOBS and Investor Confidence Act of 2018"

This Key Vote Alert! letter was sent to all members of the U.S. House of Representatives in support of the House amendment to S. 488, the “JOBS and Investor Confidence Act of 2018.”

LetterJul 10, 2018 - 5:00pm

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 tomorrow morning.

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

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
European Union and United States flags.

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.