Capital goes where it is welcome, where it feels safe, and where it has a reasonable opportunity to earn a profit. To maintain and advance its global leadership in capital formation, the United States must have the most fair, efficient, and innovative capital markets in the world. We can’t achieve this without a modern and coherent financial services regulatory system.
In many ways, the government is moving us further away from well-functioning, well-regulated capital markets by producing a maze of overlapping, contradictory, and duplicative financial regulations. The U.S. Chamber is fighting for the kind of financial rulemaking that protects consumers and investors, encourages reasonable risk taking, doesn’t constrain innovation and growth or allow special interest groups to advance their agendas at the expense of all investors, and is coordinated with other economies and among the many domestic agencies that issue financial regulations.
Tom Quaadman's testimony for House Financial Services Subcommittee on Capital Markets, Securities, and Investment hearing: "The JOBS Act at Five: Examining Its Impact and Ensuring the Competitiveness of the U.S. Capital Markets"
WASHINGTON, D.C. — U.S. Chamber of Commerce President and CEO Thomas J. Donohue issued the following statement today regarding the Department of Labor’s notice of proposed rulemaking to delay the fiduciary rule:
“We commend the Department of Labor for its swift action to protect retirement savers by issuing a notice of proposed rulemaking to delay the fiduciary rule, which will help ensure all Americans have access to the advice and choices needed when saving for their future.
WASHINGTON, D.C. – The U.S. Chamber of Commerce, Financial Services Institute, Financial Services Roundtable, Insured Retirement Institute, and Securities Industry and Financial Markets Association (Co-Plaintiffs) issued the following statement on their notice of appeal to the U.S. Court of Appeals for the Fifth Circuit, which was filed today:
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Above the Fold is your window on policy, with analysis, commentary and real stories about the intersection of government and business.