All articles tagged with #us chamber of commerce
A federal judge in Washington ruled that President Trump's $100,000 fee on new H-1B workers was within his authority under the Immigration and Nationality Act, rejecting the US Chamber of Commerce's challenge that the fee exceeded legal limits and violated procedures.
The US Chamber of Commerce has filed a lawsuit to block a $100,000 fee imposed by the Trump administration on employers hiring H-1B visa workers, arguing that it exceeds legal authority and would harm US businesses, especially small and mid-sized ones, by making the program prohibitively expensive.
Business groups from the U.S., Europe, and Japan are urging President Biden to reconsider the pause on new LNG export applications, citing concerns about energy security and the role of American natural gas in meeting global energy and climate objectives. The Biden administration's pause on new LNG export permits to non-free trade agreement countries has prompted pushback, with business groups emphasizing the importance of LNG exports in reducing greenhouse gas emissions and providing critical energy supplies amid geopolitical tensions. The move has raised concerns about its impact on the global economy and U.S. natural gas producers, who have invested heavily in LNG exports.
Governor Bowman discussed proposed changes to bank capital rules in the United States, emphasizing the need to carefully consider the impact of increased capital requirements on U.S. businesses and the economy. She highlighted concerns about over-calibration and the lack of regulatory tailoring in the proposal, and suggested modifications to mitigate these issues. Bowman also addressed technical areas of change, such as diversification benefits, market risk capital rule calibration, and alignment of risk weights and credit risk. She emphasized the importance of balancing the benefits and costs of capital requirements and the need to consider broader regulatory implications and international comparability.
The U.S. Chamber of Commerce has not contacted House Speaker Kevin McCarthy's office to discuss the debt ceiling standoff, despite advocating for a bipartisan agreement directly to the White House. The Chamber's relationship with McCarthy's office has grown rocky in recent years after it endorsed a number of House Democrats in the 2020 election cycle. The absence of more direct engagement in the debt limit fight suggests a tacit recognition that it does not hold the sway it once did within GOP circles.
The US Chamber of Commerce has filed an amicus brief in support of Coinbase, accusing the SEC of creating a precarious and uncertain landscape for crypto companies operating in the US. The Chamber of Commerce also pressed the SEC to promptly respond to Coinbase's complaint seeking clearer regulatory guidelines for crypto firms operating in the country. The Chamber of Commerce claimed that SEC's "refusal" to respond to Coinbase or "otherwise engage in any rulemaking" isn't just harmful; it is in fact, unlawful.