Archives for Capital Formation

Letter to the House Financial Services Committee in support of capital formation legislation (3/8/17)

Date: March 8, 2017

Issue: Capital formation

To: House Financial Services Committee

Filing Type: Letter

Description: The Chamber sent this letter tstrongly supporting several capital formation bills under consideration by the committee, including:

·         H.R. 1343 – Encouraging Employee Ownership Act

·         H.R. 910 – Fair Access to Investment Research Act of 2017

·         H.R. 1219 – Supporting America’s Innovators Act of 2017

·         H.R. 1312 – Small Business Capital Formation Enhance Act

·         H.R. 1257 –Securities and Exchange Commission Overpayment Credit Act

These bills would improve the ability of businesses to raise capital, contribute to stronger economic growth, and provide certainty for market participants.

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Letter to the SEC regarding the meeting of the Advisory Committee on Small and Emerging Companies (2/15/17)

Date: February 10, 2017

Issue: Initial public offerings (IPOs)

To: Securities and Exchange Commission (SEC)

Filing Type: Letter

Description: CCMC highlights the SEC regulatory challenges faced by public companies, and companies wanting to go public, as well as encourages the SEC to focus on its important mission to facilitate capital formation, helping more business access the capital markets.

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Letter to the House of Representatives supporting the “SEC Regulatory Accountability Act” and “Helping Angels Lead Our Startups (HALOS) Act” (1/10/17)

Date: January 10, 2017

Issue: Regulatory reform; Capital formation

To: House of Representatives

Filing Type: Letter to Congress

Description: The U.S. Chamber of Commerce supports H.R. 78, the “SEC Regulatory Accountability Act,” and H.R. 79, the “Helping Angels Lead Our Startups Act.” Taken together, these bills would hold the Securities and Exchange Commission (SEC) and its rulemaking process more accountable to the American public, and allow angel investors to continue to play an important role in the economy.

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Letter to Federal Reserve regarding physical commodities and risk-based capital requirements (1/5/17)

Date: January 5, 2017

Issue: Capital Requirements / Commodities

To: Board of Governors of the Federal Reserve System

Filing Type: Comment Letter

Description: The letter expresses CCMC's significant disappointment with the Federal Reserve’s intention to impose new risk-based capital requirements on certain commodities activities of financial holding companies and their merchant banking investments.The proposal will have a deleterious effect upon growth and stability by creating barriers to traditional means of business financing and capital formation.

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Letter to Fed, FDIC, OCC on Liquidity Coverage Ratio Signed by Associations (1/31/14)

Date: January 31, 2014

Issue: Regulatory Reform, Capital Formation

To: Board of Governors of the Federal Reserve, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency

Filing Type: Regulatory

Description: Joint comment letter to banking regulators addressing corporate treasurers' concerns with respect to the liquidity coverage ratio proposal issued by the regulators late last year. Applying a 100% outflow amount to undrawn credit commitments under bank customer securitization credit facilities could result in increased pricing of these facilities or reduce the availability of these facilities.

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