Roundtable with Local Lawmakers, Business Leaders Spotlights Financial Services Reform, Policy Changes to Spur Economic Growth
LITTLE ROCK, Ark. — The U.S. Chamber of Commerce’s Center for Capital Markets Competitiveness (CCMC), in collaboration with the Arkansas State Chamber of Commerce and the Little Rock Regional Chamber of Commerce, today hosted a roundtable discussion on the financial services reforms needed to spur economic and business growth. The event also featured remarks from Rep. French Hill (AR-2).
“Local small businesses and dynamic, growing companies rely on their financial partners to help manage cash flow, reduce risk, and finance investment in new facilities and jobs,” said Tom Quaadman, executive vice president of the U.S. Chamber’s Center for Capital Markets Competitiveness. “The hallmark of the American financial system has been the unrivaled diversity and innovation that has made this possible, and the U.S. Chamber has proposed serious, positive solutions aimed at harnessing the power of the financial system for local economies.”
Today’s roundtable brought together local business leaders and elected officials to discuss federal efforts to reform our nation’s capital markets and the critical role that financial services play in enabling the growth of local businesses. Participants discussed several solutions, including: Federal Reserve regulatory reform to provide relief for small, medium, and regional banks; requiring an economic analysis of any new regulation to show how it would benefit local economies; and a JOBS Act 2.0 package designed to make it easier for small and growing companies to access the capital they need.
Since its inception in 2007, the Center for Capital Markets Competitiveness has led a bipartisan effort to modernize and strengthen the outmoded regulatory systems that have governed our capital markets. The CCMC is committed to working aggressively with the administration, Congress, and global leaders to implement reforms to strengthen the economy, restore investor confidence, and ensure well-functioning capital markets.
The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations.