The global financial crisis of 2008 exposed significant flaws in the U.S. market system and spurred a national debate about financial regulatory reform. As Congress grappled with financial reform bills, CII advocated vigorously for lawmakers to close gaps in oversight, provide regulators with adequate resources to police the markets and strengthen the corporate governance and accountability of U.S. public companies.
The discussion about financial regulatory reform culminated in the Dodd-Frank Wall Street Reform and Consumer Protection Act, (Dodd-Frank Act) which President Obama signed into law in July 2010. The Dodd-Frank Act includes several provisions that CII has long advocated as corporate governance best practices.
Learn more about the Dodd-Frank reforms and related CII advocacy.
The reform law did not end debate about financial regulation. Many market participants and lawmakers want to rollback key provisions of Dodd-Frank, or repeal it entirely. Dozens of bills have been introduced in Congress that would dismantle parts of the financial reform act, and in April 2012, a new reform law known as the Jumpstart Our Business Startups Act, (JOBS Act) eased some Dodd-Frank and other restrictions for start-up companies that want to raise capital and go public.
Learn more about the JOBS Act and related CII advocacy.