Consolidating regulatory agencies, ditching the Volcker Rule, repealing “conflict minerals” disclosure mandates, and scrapping plans for mandatory audit firm rotation are among the many regulatory changes the U.S. Chamber of Commerce’s Center for Capital Markets Competitiveness hopes to achieve through a new campaign to rethink and revise the Dodd-Frank Act and other financial regulations.
This week, Compliance Week detailed legislative efforts underway to “tweak” the Dodd-Frank Act, and whether these changes would ultimately either improve or chip away at its reforms. Among the efforts cited was the Center’s “Fix, Add, Replace (FAR) Agenda,” an effort to rethink and re-engineer key measures of the legislation. The details of that initiative have now emerged as a long list of changes the Center says are necessary to help businesses “faced with uncertain and conflicting rules of the road, as well as skyrocketing compliance costs.”
