Emboldened by its legal victory over the Security and Exchange Commission’s shareholder proxy access rule, the U.S. Chamber of Commerce is gearing up to contest other upcoming Dodd-Frank Act rules.
The business lobbying group will launch legal challenges of other Dodd-Frank provisions if the SEC continues to produce insufficient economic analyses of these rules, says Tom Quaadman, vice president at the Center for Capital Markets Competitiveness at the U.S. Chamber of Commerce. “We will focus specifically on rules and provisions that impact the ability of companies to raise capital and remain competitive globally,” he says.
