Washington – “Business Roundtable has long advocated for effective, measured financial regulatory reform; however, our member CEOs are concerned that the Restoring American Financial Stability Act, signed today by President Obama, takes our country in the wrong direction. This legislation, while drafted with the best intentions, paints the U.S. business community with a broad brush and will have many unintended consequences for the more than 12,000 non-financial publicly traded companies.

“Regrettably, this legislation imposes a one-size-fits-all approach on a very diverse, vibrant set of economic participants, stifling America’s ability to encourage investment, innovation and job growth, while promoting economic uncertainty for small and large businesses alike.

“Many challenges remain ahead. As business leaders, we will work with President Obama and policymakers to ensure this legislation is implemented in a manner that continues to promote sustainable economic growth and job creation,” said Larry Burton, Executive Director of Business Roundtable.