The Center for Capital Markets Competitivenesswas established to advance capital formation by supporting capital markets and is managing comprehensive campaigns to explain why healthy and vibrant capital markets are the keystone to economic growth and job creation.
Financing America's Economic Growth
A campaign to defend America’s financial institutions and our capital markets from destructive attacks. Politicians and policy makers should be praising and perfecting our capital markets as a crown jewel of our economic system—not trying to tear them down. The U.S. Chamber if focused on encouraging well-regulated markets to provide the certainty businesses need to raise capital.
Learn | Save | Retire
A campaign to advance bipartisan support for steps to make it easier for small businesses to offer retirement plans and enable middle-class savers to better plan for their future. Current campaign goals include: (1) Expanding retirement savings for small businesses, (2) Promoting the success of the 401(k) system, (3) Enhancing access to investment advice via choice and affordability, and (4) Encouraging continued tax-incentivized retirement savings.
Protect Small Business Retirement
A campaign launched in 2015 in response to the Department of Labor's (DOL) misguided fiduciary duty rule. The U.S. Chamber called on DOL to protect small business retirement plans and small business employees from adverse impacts and unintended consequences of the rule.
The rule was finalized in April 2016 and while it accommodated a few concerns expressed by commenters, many of the critical fixes to the rule called for by the U.S. Chamber remain unaddressed or were made worse in the final rule. These include important issues such as whether the final rule discriminates against small businesses, limits the availability of investment education, substantially increases litigation risk to the detriment of savers and the retirement system, and gives insufficient time to implement the regulation. The U.S. Chamber is committed to working toward solutions that further protects investors while expanding, rather than unnecessarily limiting, access to investment advice and investment choices.
These critical fixes, which would reduce the extent to which the rule impedes access to quality investment advice and the choice of advisors, are among criteria against which the final rule is being assessed.