Date: September 15, 2014
Issue: The Promoting Job Creation and Reducing Small Business Burdens Act.
To: U.S. House of Representatives
Filing Type: Hill
Description: These bills collectively include a number of bipartisan measures that would help promote capital formation and job creation, allow commercial end users the ability to manage risk, and provide much-needed certainty for businesses under the Dodd-Frank Act. We are particularly supportive of provisions within these bills that provide additional flexibility to the Federal Reserve to establish capital standards that are appropriately tailored to the business of insurance, and support capital formation by including a clarification of regulatory obligations for the collateralized loan obligation of the “Volcker Rule” that would allow employees of privately-held companies a greater ability to participate in the success of their employer through owning shares of the company.