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Today, the Chamber’s Center for Capital Markets Competitiveness and 18 additional trade associations sent a letter to Treasury Secretary Scott Bessent, urging the Financial Stability Oversight Council (FSOC) to restore the 2019 Guidance on non-bank designation.
This guidance promotes careful systemic risk analysis, transparency, and due process, while also supporting a stable and resilient economy by making nonbank designation a tool of last resort. Read the full letter here:

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