Date: September 12, 2016
Issue: Regulatory Reform
To: The U.S. House of Representatives Committee on Financial Services
Filing Type: Hill
Description: The U.S. Chamber of Commerce system, applauds the Financial Services Committee for considering H.R. 5983, the “Financial Choice Act of 2016,” which would begin the process of implementing sensible, necessary reforms to the U.S. financial system. That system has been saddled with an ineffective regulatory structure and an array of conflicting legislative and regulatory requirements that, individually or collectively, constrain growth. The Chamber believes the Financial Choice Act is a positive first step for unlocking the capital markets to better facilitate the financing of America’s economic growth and job creation.