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

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.

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.

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.

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. 

TestimonyMay 23, 2018 - 10:15am

U.S. Chamber testimony on fueling capital and growth on Main Street

Tom Quaadman, executive vice president of the U.S. Chamber's Center for Capital Markets Competitiveness (CCMC) is testifying today before the House Financial Services Subcommittee on Capital Markets, Securities, and Investment during a hearing on legislative proposals to help fuel capital and growth on Main Street.

Press ReleaseMay 22, 2018 - 5:45pm

U.S. Chamber Statement on House Passage of Bank Relief Legislation

WASHINGTON, D.C. — U.S. Chamber of Commerce President and CEO Thomas J. Donohue issued the following statement today in response to the passage of the “Economic Growth, Regulatory Relief, and Consumer Protection Act” by the U.S. House of Representatives: