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U.S. Chamber Applauds SEC Commissioners for Stance on Money Market Regulation

"Fundamentally altering the structure and character of money market mutual funds would have destroyed the product and sharply reduced short-term financing for businesses and cities while derailing our economic recovery. Given these implications, we will continue to use every available tool to urge all regulators to answer one simple question: With the major reforms the SEC already adopted in 2010 and the importance of money market funds to the American economy, why risk fundamentally changing money market mutual funds now?"

U.S. Chamber Urges Financial Stability Oversight Council and SEC to Evaluate Existing Money Fund Reforms Before Taking Action

"Businesses use money market funds to raise capital and manage cash flows. The FSOC needs to consider that it may destroy tools used by companies to grow and create jobs. Millions of investors -- from retail investors to universities to cities and states - will also likely oppose the proposal pushed by the Treasury Secretary if he merely re-packages the same harmful plans put forward by Chairman Schapiro."

Comments on Advanced Notice of Proposed Rulemaking: Medicare Secondary Payer and 'Future Medicals'

"[The] Centers for Medicare & Medicaid Services (CMS) [is] taking thoughtful and deliberative steps to incorporate public comment on improving the process by which beneficiaries can ensure that the interests of Medicare are satisfied in the course of a settlement proceeding. However, we ask that any final rule regarding the Medicare Secondary Payer process and future medicals clarify that all requirements of the final rule apply solely to Medicare beneficiaries. This final rule should not alter, amend, or expand the current liability standards of settling insurers and self-insured companies[.]"