Statement of the U.S. Chamber of CommerceON: Hearing on “Examining How Capital Markets Serve Diverse Entrepreneurs and Investors”TO: U.S. Senate Committee on Banking, Housing, and Urban Affairs, Subcommittee on Securities, Insurance, and InvestmentBY: Tom Quaadman, Executive Vice President, Center for Capital Markets Competitiveness, U.S. Chamber of CommerceDATE: December 13, 2022Chairman Menendez, Ranking Member Scott, and members of the Subcommittee on Securities, Insurance, and Investment: my name is Tom Quaadman, executive vice president of the U.S. Chamber’s Center for Capital Markets Competitiveness. Thank you for the opportunity to testify today regarding pro-growth legislation and the importance of helping small businesses and entrepreneurs raise capital.Over a decade ago, members of this Committee and the House Financial Services Committee began working on a bipartisan basis on a series of capital formation initiatives intended to lower barriers to capital ac

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