Date: January 12, 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.