Date: December 6, 2017
Issue: International, Financial Regulation
To: Chairman Hensarling and Ranking Member Waters
Filing Type: Letter
Details: The U.S. Chamber of Commerce sent a letter to Chairman Hensarling and Ranking Member Waters on the House Financial Services Committee in support of H.R. 3179, the "Transparency and Accountability for Business Standards Act." This would require the federal banking regulators to justify the decision to implement a prudential standard which is substantively more stringent than the negotiated international standard.