Financing America's Economic Growth | Page 2 | U.S. Chamber of Commerce

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.

 

 

Financing Main Street Agenda: Unlocking Capital for Job Creators

Many of the reforms implemented in the wake of the 2008 financial crisis were narrowly focused on financial stability and did not consider the impact on economic growth. The unintended consequences of these initiatives have made it difficult for Main Street businesses to access the financing they need to get started, sustain operations, manage cash, make payroll, and create well-paying jobs. This publication includes recommendations to restore Main Street lending.

Read the Full Agenda Report

Read the Letter from Over 100 State and Local Chambers of Commerce in Support Common-Sense Financial Reform


 

Restarting the Growth Engine: A Plan to Reform America's Capital Markets

With this agenda, we provide some answers and suggestions for the executive and legislative branches and regulatory agencies, both domestic and global.

Read the Agenda

 


 

Financing Growth: The Impact of Financial Regulation


The U.S. Chamber surveyed more than 300 corporate finance professionals about their core financial services needs and the indirect regulatory impact of all the newly adopted financial regulations. What we heard was a particularly strong and growing concern for the ability of businesses to access credit and to manage cash flow and liquidity due to existing and pending regulations.

Read the Report |​ Check out the infographic

 


 

Financial Services Survey: For Small Businesses, Growth and Credit Go Hand-in-Hand  Results

A financial services survey conducted by Morning Consult shows that, small business leaders feel optimistic about the future of their enterprises and view support from financial services as critical to their ability to expand and succeed. The results, released at the U.S. Chamber’s 11th annual Capital Markets Summit, underscore the importance of access to capital for businesses, especially smaller firms.

For Small Businesses, Growth and Credit Go Hand-in-Hand Infographic 

 


Push Back

Preserving the Right to be Heard: Ensure there is an open and vigorous debate about how best to regulate financial markets by fighting bad choices and pushing back on those who seek to intimidate and suppress real debate.

 

Main Street Impact

Show the Impact, Starting at the Local Level: Document and communicate the cumulative impact of regulation, including the ability of companies small and large to access the financial services they need to grow their business and manage their financial risks.

 

Regulatory Reform: Federal Reserve

Advance Transparent Regulation, at the Federal Reserve and elsewhere: Ensure that the Federal Reserve lives up to the same standards of transparency and due process required of other regulators. Also, address conflicts and lack of coordination among the regulators and advance reform recommendations at the SEC, FSOC, and proxy advisory firms. On July 12, the Chamber released its Federal Reserve Reform Agenda, which recommended eight reforms the Federal Reserve could take to be more transparent and accountable in its regulation of America’s financial markets and the Main Street businesses that rely on it. You can read the full agenda here

 

Smart Regulation

Directly Engage on Regulations that Thwart Main Street Growth: Challenge policies that prevent businesses from obtaining credit or managing cash, such as, Basel III capital rules, stress tests, and the Volcker Rule. Other priorities include: incentive compensation, the Department of Labor’s fiduciary duty rule, and the CFPB’s arbitration rule.

 

Over Enforcement

Prevent the Use of Financial Services and Budgetary Slush Funds at the Federal and State Level: Fight punitive taxes and stop enforcement practices by multiple layers of federal, state, and international officials. Continue to push for SEC enforcement reforms including due process, preservation of jury trial, and right of removal.

 

Download the Financing America's Economic Growth One Pager

Recent Activity

Press ReleaseFeb 21, 2017 - 4:15pm

U.S. Chamber, Arkansas State Chamber, and Little Rock Regional Chamber Call for Capital Markets Reform

Roundtable with Local Lawmakers, Business Leaders Spotlights Financial Services Reform, Policy Changes to Spur Economic Growth

SpeechJan 27, 2017 - 10:00am

Restarting the Growth Engine: Reforming Capital Markets to Revitalize Our Economy

Remarks by Thomas J. Donohue, President and CEO, U.S. Chamber of Commerce Illinois Chamber of CommerceChicago, Ill. Introduction Good morning ladies and gentlemen. It’s wonderful to be here in Chicago among so many friends and business leaders.

EventJan 27, 2017 - 8:00am to 12:30pm

Financing America's Economic Growth Regional Event Series - Chicago

Tom Donohue will outline the U.S. Chamber's pro-growth agenda, which includes reforms necessary to achieve a well-regulated system that protects consumers, preserves consumer choice, promotes capital formation, and spurs innovation.

ArticleJan 12, 2017 - 4:45pm

Make Going (and Staying) Public Great Again: A Growth Priority for 2017

Policymakers need to address the drastic decline of public companies in the United States over the last two decades.

LetterDec 05, 2016 - 12:45pm

Key Vote Letter in support of H.R. 6427, the "Creating Financial Prosperity for Businesses and Investors Act," and H.R. 5143, the "Transparent Insurance Standards Act of 2016"

This Key Vote letter supporting H.R. 6427, the “Creating Financial Prosperity for Businesses and Investors Act,” and H.R. 5143, the “Transparent Insurance Standards Act of 2016,” was sent to all Members of the U.S. House of Representatives.

EventDec 02, 2016 - 11:30am to 2:00pm

Capital & Financial Markets Workshop

The U.S. Chamber of Commerce, Naperville Area Chamber of Commerce and the Illinois Chamber of Commerce host: Capital & Financial Markets Workshop December 2, 2016 Naperville, IL Luncheon Keynote Address

ArticleOct 24, 2016 - 8:45am

Prime Money Market Funds Honored on Dia de los Muertos

Halloween may be just around the corner, but corporate treasurers are more likely celebrating Dia de los Muertos – “Day of the Dead” – to honor prime money market funds (MMFs).   This two-day holiday, which begins November 1st, originated in Mexico to remember deceased loved ones.  Just like a deceased loved one, prime MMFs are now a ghost of what they used to be.

LetterSep 28, 2016 - 10:15am

Coalition Letter to Members of Congress on the Effect of Financial Regulations on Main Street Businesses

This letter was sent to all Members of Congress from more than 120 business organizations across the country expressing concern about finanical regulations that are cutting of Main Street businesses from credit and the financial resources they need to grow and create jobs. 

LetterSep 27, 2016 - 8:30am

Hill Letter on Consumer Access to Mainstream Banking Services

This letter was sent to the members of the House Subcommittee on Financial Institutions and Consumer Credit in advance of their hearing on examining legislative proposals to expand consumer access to mainstream banking services.

LetterSep 26, 2016 - 1:45pm

Letter to House Financial Services Committee on Oversight and Reform of the Federal Reserve

Letter sent to House Financial Services Committee Chairman Jeb Hensarling and Ranking member Maxine Waters regarding the Chamber's support of the Committee's continued oversight of the Federal Reserve and the agency's supervision and regulation of the finanical system.