Publications
Financial Regulatory Reform: 2012 Report Card
The Report Card evaluates the progress being made, by Congress and regulators to achieve modern, well-regulated, fair
, transparent, and vibrate capital markets down into four areas critical to ensuring the vitality of our markets:
- Protecting the Diversity of Capital Formation
- Reforming Corporate Governance
- Ensuring U.S. Competitiveness Through Financial Regulatory Reform
- Preserving the Integrity of Accounting and Auditing
In addition to grading the four areas, the report also provides suggestions on how regulators and Congress can bring up the grade to support capital formation system that benefits consumers, investors, and job creators.
The Economic Impact of the Current IASB and FASB Exposure
The report was commissioned by several of the leading nonprofit and commercial organizations concerned with economic growth in the United States and in the health of the real estate sector in particular. The members of the coalition include the U.S. Chamber of Commerce, The Real Estate Roundtable, NAIOP, Commercial Real Estate Development Association, NAIOP Inland Empire Chapter, NAIOP Southern California Chapter, the National Association of Realtors and the Building Owners and Managers Association International. The coalition’s objective in sponsoring the study is to ensure that the analysis of costs and benefits of proposed new accounting standards for leases includes a thorough consideration of the economics of commercial and industrial real estate leasing and development, so thatchanges to financial reporting do not distort market behavior and cause damage to both the real estate market and the national economy.
Click Here to download the report.
Money Market Funds: Helping Businesses Manage Cash Flows
Money market funds play a critical role in meeting the short-term capital needs of American businesses. For many businesses cash inflows and outflows don’talways line up, and money funds act as a financial intermediary in helping them offset these discrepancies. When cash outflows are greater than inflows, they turn to short term financing, and money market funds are often where these short-term instruments are ultimately placed. When cash inflows are greater than outflows, they invest the cash in money market funds.
Click here to download the report.
U.S. Chamber Report Proposes Transformational Reform of the SEC
On December 14, the Chamber’s Center for Capital Markets Competitiveness (CCMC) released U.S. Securities and Exchange Commission: A Roadmap for Transformational Reform, calling for increasing commission from five to seven members as part of 28 recommendations to turn around the Agency.
In order to archive transformational reform, the report recommends:
- Developing a bold and clear plan
- Putting someone in charge of implementing the plan
- Removing statutory and practical obstacles
- Tying increased funding and resources to the transformation proces
Click here to download the report.
Sources of Capital and Economic Growth: Interconnected and Diverse Markets Driving U.S. Competitiveness
Sources of Capital and Economic Growth provides a broad overview of the complex financial system, describes the variety of financing sources available, and the considerations that lead a consumer or a business to choose a specific financing source. The analysis discusses how this capital formation system and diversity in financing sources provides benefits to the economy.
Click here to read the report.
Over-the-Counter Derivative Study
An Analysis of the Coalition for Derivatives End-Users’ Survey on Over-the-Counter Derivatives
Coalition for Derivatives End Users – OTC Derivatives Survey
Lease Accounting
This presentation has been prepared to help constituents understand the current status of projects of the FASB and IASB including the topic of Lease Accounting.
Leases powerpoint October 7 2010.
Financial Crisis Responsibility Fee: Issues for Policymakers
The U.S. Chamber will released a study conducted by Hal S. Scott, Nomura professor of international financial systems, Harvard Law School that highlights the negative and unintended consequences the proposed "bank tax" would have on access to credit, job creation, and the overall economy. The study concludes that imposing the tax now would reduce access to credit for job creators and consumers at a time when the economy is still struggling to recover. The study highlights the following six issues for policymakers to consider when determining whether to support the tax: cutting off credit, wrong tax at the wrong time, uncertainty about size of shortfall and arbitrary timeline, potential for double taxation, potential for excessive taxation, and wrong way to reduce leverage and risk.
Examining The Main Street Benefits of our Modern Financial Markets
An in-depth look at how the evolution of our modern financial markets have reduced the cost trading for all investors, expanded investment opportunities for American families, and improved access to capital for U.S. businesses.
The Impact of the Consumer Financial Protection Agency on Small Business
The Proposed Consumer Financial Protection Agency would harm small businesses and their ability to access credit.
Examining the Efficiency and Effectiveness of the U.S. Securities and Exchange Commission
23 changes to certain core operations of the U.S. Securities and Exchange Commission (SEC) that will help improve the agency's regulatory oversight process.
Analysis of the Wealth Effects of Shareholders Proposals
In recent years, researchers have documented increased involvement by institutional investors (e.g., public pension funds) in company affairs.
Restoring Confidence in the U.S. Capital Markets – A Call for Financial Services Regulatory Modernization
Together with a bipartisan group of prominent business, former government, and academic leaders, this declaration calls for modernizing the regulations governing our capital markets in a way that puts the economy, jobs, and investors first.
2007 Sarbanes-Oxley Section 404 Cost Survey Report
November 8, 2007
The U.S. Chamber collaborated with other associations to compile data on the projected cost of Sarbanes-Oxley (SOX) Section 404 for small businesses ($75 million or less in market capitalization). SOX has had many positive impacts, but concerns remain regarding implementation and overly burdensome costs.
More Reports
- Part 2 – Analysis of the Impact of Increasing Carried Interest Tax Rates on the U.S. Economy (November 2007)
- Part 1 – Analysis of the Impact of Increasing Carried Interest Tax Rates on the U.S. Economy (October 2007)
- Commission on the Regulation of U.S. Capital Markets in the 21st Century (March 2007)
- Report of the Current Enforcement Program of the Securities and Exchange Commission (March 2006)
- Capital Markets, Corporate Governance, and the Future of the U.S. Economy (February 2006)
- Auditing: A Profession at Risk (January 2006)