Over the past 20 years, the U.S. has made it much more costly for public corporations to comply with the array of regulations that govern their behavior. Unsurprisingly, this has led to fewer companies choosing to become publicly traded, and that development has hurt the U.S. economy.

That we are continuing to add to the burdensome reporting requirements for public companies means this trend likely will accelerate and the U.S. economy will pay a price with fewer jobs created, lower productivity and wages, and greater wealth inequality. READ MORE