The U.S. Chamber of Commerce appreciates the House Financial Services Committee prioritizing legislation that would promote capital formation and improve the regulatory environment for businesses that are considering an initial public offering (IPO). The Chamber has long been concerned about the decline in U.S. public companies over the last two decades and the ramifications this decline has on job creation and economic growth. The Chamber has strongly supported the Jumpstart Our Business Startups (JOBS) Act and subsequent reforms passed by Congress.