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Treasury Recommends Streamlining Regulation Of Capital Markets


A report released by the Treasury Department on Friday outlined ways to streamline and reform the regulatory system for the capital markets in order to promote growth and vibrant financial markets.

The Treasury identified numerous ways to reduce the burden on companies that are looking to go public or stay public, while maintaining strong investor protections.

"The U.S. has experienced slow economic growth for far too long," said Treasury Secretary Steven Mnuchin. "In this report, we examined the capital markets system to identify regulations that are standing in the way of economic growth and capital formation."

He added, "By streamlining the regulatory system, we can make the U.S. capital markets a true source of economic growth which will harness American ingenuity and allow small businesses to grow."

The Treasury's recommendations include streamlining disclosure requirements to reduce costs, repealing certain provisions of the Dodd-Frank Act, and increasing the amount that can be raised in a crowdfunding offering.

The report was issued in response to an executive order by President Donald Trump that called on the Treasury to identify laws and regulations that are inconsistent with a set of core principles of financial regulation.

by RTTNews Staff Writer

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