U .S. Chamber Launches 'Virtual March' to Fix Pending Financial Reform

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U .S. Chamber of Commerce announced a Virtual March on Washington today, part of an ongoing effort to mobilize its grassroots base to warn lawmakers about the unintended consequences this legislation will have on Main Street busine

WASHINGTON, D .C.--As the House and Senate continue debating financial regulatory reform, the U.S. Chamber of Commerce announced a Virtual March on Washington today, part of an ongoing effort to mobilize its grassroots base to warn lawmakers about the unintended consequences this legislation will have on Main Street businesses.

"There is no doubt that this bill, intended to fix Wall Street, is actually going to harm Main Street," said Amanda Engstrom, senior vice president of the Chamber's Center for Capital Markets. "Our membership is recognizing this and is joining the fight to ensure this bill doesn't unintentionally regulate small business and further limit access to credit."

This Virtual March -- www.marchformainstreet.org -- allows individuals and small business owners to voice their concerns with the pending financial reform legislation without incurring the costs of traveling to Washington. The online platform allows these individuals to efficiently contact their members of Congress and urge them to fix the current bill. The Chamber invited America's businesses and individuals to join in the Virtual March and expects tens of thousands to join this week.

"As it stands now, we have a bill that will only perpetuate the current uncertainty that small businesses are feeling," Engstrom said. "With this Virtual March, we've provided our members a forum to voice their concerns over legislation that could result in a significant drain on working capital from companies, restrict small businesses access to credit, and hinder their ability to create jobs."

Since its inception three years ago, the Center for Capital Markets Competitiveness has led a bipartisan effort to modernize and strengthen the outmoded regulatory systems that have governed our capital markets. The CCMC is committed to working aggressively with the administration, Congress, and global leaders to implement reforms to strengthen the economy, restore investor confidence, and ensure well-functioning capital markets.

The U.S. Chamber of Commerce is the world's largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations.

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News Source : U.S. Chamber Launches 'Virtual March' to Fix Pending Financial Reform