Off Wall Street, Worries About Financial Bill
(27 Apr 2010) NY Times – “legislation so loosely drawn that it may inadvertently cover a variety of companies that are involved in lending or moving money, even if they operate far from Wall Street and had little to do with the financial crisis.”
American Voters Want Consumer Protection Without Hurting Jobs and Main Street
(20 Apr 2010) U.S. Chamber – Six State Polls Show Unease With Consumer Financial Protection Agency. The polls, conducted in Arkansas, Nebraska, Ohio, Montana, Tennessee, and Massachusetts, show a significant majority of voters believe “we should demand that existing agencies do their jobs, improve enforcement, and better coordinate their efforts,” rather than create a new agency. The polls were conducted by Ayres, McHenry & Associates from April 11 to 15 and had margins of error of plus or minus 4.0% to 4.9%. Read More.
Letter to Deputy Secretary Wolin on Financial Regulatory Reform
(26 March 2010) The U.S. Chamber is working hard to improve financial regulatory reform legislation being considered by Congress. The Chamber’s Capital Markets Commission first called for financial regulatory reform legislation three years ago, and we have been urging Congress and the Administration to act ever since. Do we disagree with the Administration about some issues? Yes. Does that mean we oppose regulatory reform? No.
Key Vote Letter On H.R. 4173, the “Wall Street Reform and Consumer Protection Act of 2009″
(10 Dec 2009) U.S. Chamber – The Chamber believes that H.R. 4173 is far from achieving the financial regulatory reform that is needed for the economic growth and job creation for a prosperous 21st century economy. The Chamber will continue to work with Congress to achieve these goals. The Chamber will consider votes on, or in relation to, these issues in our annual How They Voted scorecard. Read the Letter.
National Sign-on Letter opposing H.R. 3126, the “Consumer Financial Protection Agency Act”
(1 Dec 2009) U.S. Chamber – “While we agree that the financial crisis exposed failures in consumer protection regulation that need to be addressed, we are concerned this bill would do far more harm than good – for consumers, for the business community, and for the overall economy.
