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

Above the FoldJan 25, 2018 - 9:00am

SEC’s E-Delivery Rule is a Common Sense Reform for Investors

Mutual fund shareholders would have the option of accessing their shareholder reports and other relevant documents online.

Press ReleaseJan 10, 2018 - 9:45am

U.S. Chamber President: Double Down on Growth in 2018

Donohue Urges Leaders to Pursue Stronger, Sustained, Shared Economic Growth

SpeechJan 10, 2018 - 9:00am

2018 State of American Business Address

U.S. Chamber President Tom Donohue's remarks on the State of American Business as prepared for delivery on January 10, 2018.

LetterDec 18, 2017 - 11:00am

Key Vote Alert! - H.R. 4015, the "Corporate Governance Reform and Transparency Act"

This Key Vote Alert! letter was sent to members of the House in support of H.R. 4015, the "Corporate Governance Reform and Transparency Act."

Above the FoldDec 11, 2017 - 9:00am
Mick Mulvaney

CFPB Drama Underscores Need for Greater Accountability

Following the resignation of Richard Cordray, it's clear the bureau should be led by a bipartisan commission.

Above the FoldDec 05, 2017 - 9:15am
Financing Mainstreet Agenda

Main Street Businesses Need Financial Regulatory Reform

The number of small business loans has decreased by roughly 43% since the last recession.

LetterDec 05, 2017 - 9:00am

U.S. Chamber Letter on the "Economic Growth, Regulatory Relief, and Consumer Protection Act"

This letter in support of S. 2155, the "Economic Growth, Regulatory Relief, and Consumer Protection Act," was sent to members of the Senate Banking Committee.

Above the FoldNov 29, 2017 - 9:00am
Retirement plan

Fiduciary Fallout: Getting Beyond the Numbers

We want people to save for their financial futures, not limit their choices.

LetterNov 15, 2017 - 9:00am

State and Local Chambers of Commerce Urge Reform to Empower Main Street, Unlock Economic Growth

TO THE MEMBERS OF THE UNITED STATES CONGRESS:    We, the undersigned chambers of commerce that represent thousands of small businesses and entrepreneurs in communities across the country, urge you to develop and pass commonsense financial reform that removes obstacles to funding Main Street businesses and unlocks economic growth.     

Press ReleaseNov 13, 2017 - 4:00pm

U.S. Chamber Offers Recommendations for Revitalizing Main Street Lending

WASHINGTON, D.C. — The U.S. Chamber’s Center for Capital Markets Competitiveness (CCMC) today released a series of recommendations for revitalizing Main Street lending in order to enable small businesses to create jobs, raise incomes, and generate economic growth.