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

  • 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

Above the FoldMay 16, 2019 - 1:00pm
Pedestrians pass in front of a HSBC bank branch in New York City.

Here's Why U.S. Businesses Need Foreign Banks to Thrive

They are a key source of capital in the U.S., and contribute to deep and liquid markets that fuel lending.

Above the FoldApr 15, 2019 - 3:45pm
Highway in the desert with mountains and blue skies in the background.

Life is a Highway – and We Can’t Drive It without the Insurance Industry

Every year, insurers fund road construction that would build a highway between Washington D.C. and Los Angeles?

Above the FoldMar 22, 2019 - 10:30am
A Wall Street sign is displayed in New York City.

Attacks on Dual-Class Share Structures are Unjustified

Certain institutional investors continue attacking the structure that newly public companies and long-established businesses utilize.

Above the FoldMar 13, 2019 - 10:45am
The Securities and Exchange Commission (SEC) headquarters in Washington, D.C.

SEC Proposed Best Interest Rules: Putting Investors First

It will protect all investors and ensure each investor receives equal treatment, no matter where they live.

Above the FoldFeb 14, 2019 - 10:15am
Traders work on the floor of the New York Stock Exchange in New York.

3 Things You Need to Know About Stock Buybacks

Lawmakers on both sides of the aisle have recently criticized stock buybacks. Their objections are misguided.

Above the FoldJan 07, 2019 - 6:15pm
Tom Donohue at the 2018 State of American Business

It was a Busy and Productive 2018 for the U.S. Chamber

Last year was full of accomplishments. 2019 will be no different.

Above the FoldDec 21, 2018 - 11:15am
Jay Clayton, chairman of U.S. Securities and Exchange Commission.

Here’s Why 2019 Could Be a Big Year for Main Street Investors

The SEC chairman recently discussed how his agency plans to make corporate governance a significant focus in the new year.

Above the FoldOct 18, 2018 - 2:30pm
The Securities and Exchange Commission headquarters in Washington, D.C.

Quick Take: Your Primer on SEC's Proposed Best Interest Regulations

Proposals have been released regarding standards of conduct for broker-dealers and investment advisers.

Above the FoldOct 17, 2018 - 4:30pm
Federal Reserve building

Financial Regulators and Congress have a Chance to Fix the Volcker Rule

The recent proposal to fix it can help remove the gunk that is clogging our economic growth engine.

Above the FoldSep 17, 2018 - 4:15pm
Comic book character, Wolverine.

X-Men for Financial Regulatory Reform

Ten years after the financial crisis, an inadequate regulatory system plagues our financial system.