Date: January 6, 2015

Issue: Promoting Job Creation and Reducing Small Business Burdens Act

To: Members of the House of Representatives

Filing Type: Hill

Description: The Chamber is particularly supportive of provisions within this bill that would exempt commercial end users from certain regulatory requirements contained in the Dodd-Frank Act, a mandate that regulatory agencies have struggled to implement despite the clear intent of Congress. Additionally, the Chamber also appreciates a number of provisions in this bill that would help promote capital formation in the economy, including a much-needed clarification of regulatory obligations for the collateralized loan obligation market pursuant to the “Volcker Rule” provision of Section 619 of the Dodd-Frank Act, and a provision that would provide employees of privately-held companies a greater ability to participate in the success of their employer through owning shares of the company.

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