Post by U.S. Chamber of Commerce

Strong capital markets are the engine of economic growth, helping businesses access the funding they need to innovate, expand, and create jobs. Today, leaders from business, government, and the financial community came together at our Capital Markets Summit to discuss how we can strengthen America’s capital markets and ensure the U.S. remains the best place in the world to invest, build, and grow. Here are top event highlights: 🔹 Jim Febeo, SVP and Head of Federal Government Relations at @Fidelity Investments, opened the event by underscoring what’s at stake: “Deep, liquid, well-regulated capital markets do not just support issuers and intermediaries, they support the long-term financial security of American families, workers, and retirees.” 🔹 Ryan Thompson, SVP, Head of Capital and Liquidity at U.S. Bank said policymakers should focus on “the purpose of capital, to absorb risk of loss, and provide certainty of financial stability,” while warning that if rules are “overcalibrate[d],” they can impede a bank’s ability to support customers. 🔹 Reflecting on the Basel III rule, Federal Deposit Insurance Corporation (FDIC) Chair Travis Hill shared that working alongside other regulators, the goal was to create a framework that reflects the real needs of bank customers, brings activity back into the banking sector and keeps safety and soundness at the core. 🔹 House Financial Services Committee Chairman French Hill (R-AR) connected the new tax law with the health of American capital markets, saying: “The Working Families Tax Cut, I believe is the foundation of why we are seeing strong economic growth, the permanent tax changes, [we’re] seeing stronger capital investment, better wage approach…if we can do the same for our regulatory priorities, we are setting up the American economy for the long term.”  🔹 U.S. Securities and Exchange Commission Director Jim Moloney discussed how bolstering our financial ecosystem is a bipartisan priority. “We're looking at both sides of the aisle and both sides of the political spectrum to get this input. We're getting back to basics—back to fundamental materiality,” 🔹 U.S. Securities and Exchange Commission Commissioner Hester Peirce discussed how strong capital markets attract investment for the benefit of society: “The United States has the best capital markets in the world. People come here from all over the world to raise money and to invest. Our markets have helped build the globe's companies and its economies. Other countries look longingly to the U.S. capital markets and hope to emulate them.” Thank you to our speakers, attendees and partners for contributing to an important conversation about the future of America’s economy and the role capital markets play in powering growth for businesses of every size.