-美国商会外文翻译 本科论文.docVIP

本科毕业设计（论文） 外 文 翻 译 原文： U.S. Chamber of Commerce The Chamber strongly supports the Administrations goal of enhancing consumer protection. Even before the financial crisis hit， the Chambers Center for Capital Markets Competitiveness called for regulatory reform， including strengthening consumer protections. The crisis has clearly illuminated the shortcomings of our outdated regulatory system. Millions of consumers and investors were harmed， in part because of regulatory gaps but just as much or even more because of regulators failure to exercise the authority—especially the enforcement authority—that they already possess. The Chamber believes that consumers need: 1.Clearer disclosure and better information.2.More vigorous， effective enforcement against predatory practices and other abuses.3.Elimination of regulatory gaps that allowed some financial services entities to escape. regulation applicable to their competitors. We need smarter， more effective regulation. Adding new regulatory layers and enacting expansive， and duplicative， regulatory authority will not produce that result. Rather， it is likely to lead to confusion， uncertainty， and a regulatory system that imposes heavy burdens on business without providing the protections that consumers need. On September 23， the Chamber released a study conducted by Thomas Durkin， an economist who spent more than 20 years at the Federal Reserve. Durkin concluded that regulatory burdens associated with a lack of preemption and legal uncertainties created by new， vague， and undefined statutory terms would reduce the ability of financial institutions to extend consumer credit， and would likely increase the cost of credit that is available. Moreover， this reduction in credit would impact small businesses as well， because it would affect the very consumer financial products that small businesses use to supplement business credit， which often is not available to small and new enterprises. At the very time when we need these jo