U.S. Chamber Letter on H.R. 4918, "Helping Startups Continue to Grow Act"
This Hill letter was sent to Representative Bryan Steil, supporting his bill, H.R. 4918, the "Helping Startups Continue to Grow Act."
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.
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.
Our Priorities |
This Hill letter was sent to Representative Bryan Steil, supporting his bill, H.R. 4918, the "Helping Startups Continue to Grow Act."
WASHINGTON, D.C. - The U.S. Chamber commends the SEC on today’s long overdue proposed regulatory action on proxy advisory firm and shareholder reforms. These proposals will both ensure investors will have access to transparent and unconflicted proxy advice as well as improve the proxy submission process that has not been updated in over 50 years.
The Center for Capital Markets Competitiveness (CCMC) recently released a new report, “Insurance Capital Standards and the Aggregation Method,” that analyzes an approach for measuring capital at the group level for insurance firms that would be an alternative to the standard being advanced by the IAIS. This alternative approach, the aggregation method, is being constructed on the principle that regulatory standards should reflect local, social, and economic risks.
The U.S. Chamber of Commerce is launching the Project for Growth and Opportunity, or Project GO, an initiative that pairs business best practices with reasonable policy prescriptions to help address socio-economic concerns.
The Project for Growth and Opportunity will begin by addressing board diversity, expanding investment opportunities, and encouraging environmental, social, and governance disclosures
This Hill letter was sent to the U.S. House of Representatives, opposing H.R. 1815, the “SEC Disclosure Effectiveness Testing Act,” and H.R. 3624, the “Outsourcing Accountability Act of 2019.”
This Hill letter was sent to the House Financial Services Committee, on the Investor Protection, Entrepreneurship, and Capital Markets subcommittee hearing entitled, "Examining Corporate Priorities: The Impact of Stock Buybacks on Workers, Communities, and Investment."
This letter was sent to the House Committee on Financial Services, on the committee's hearing on the Terrorism Risk Insurance Program and supporting H.R. 4634, the “Terrorism Risk Insurance Program Reauthorization Act of 2019.”
There is little doubt that investors are better off today than they were before the rule was finalized and went into force.
The Consumer Financial Protection Bureau has taken new steps to implement policies that promote innovation in the financial services sector.