Advancing the U.S. Public Markets: Unlocking Capital Formation for a Stronger American Economy
Nasdaq Policy Advocacy
Public Markets Advance Economic Progress for All
Public markets advance economic progress for all by powering stronger economies and creating more equitable opportunities. The success of capitalism and job creation depends on public markets, yet the number of companies choosing to go public or remain public is in decline. A refocus on America’s capital markets is needed to refuel the U.S. economy and compete globally. In this paper, Nasdaq has identified several key policy priorities to support companies in going and staying public, which in turn will advance economic progress for all.
Key Policy Priorities to Advance the U.S. Public Markets
Proxy Process Modernization
Scaled Disclosure Relief
Leveling the Playing Field with Smart Regulation
- Improving Proxy Plumbing
- Common Sense Proxy Access and Shareholder Proposal Reforms
- Proxy Advisory Reform
- Reviving Scaled Disclosure
- Streamlining Quarterly Reporting Practices
- Anchoring Disclosure Requirements in Materiality
- Right-Sizing Regulation S-K Disclosures
- Ensuring Audits Remain Relevant and Affordable
- Updating Short Selling Disclosures
- Reining in Unproductive Litigation Practices