Business Roundtable Statement on The Department of the Treasury's Blueprint for a...

Business Roundtable Statement on The Department of the Treasury's Blueprint for a Modernized Financial Regulatory Structure

WASHINGTON--(Business Wire)--
"The Department of the Treasury's Blueprint for a Modernized
Financial Regulatory Structure represents a timely response to the
current state of our country's aging regulatory system. As the
financial sector of our economy continues to evolve, so should the
regulatory system that oversees it.

This initiative is a broad effort designed to modernize and
improve a patchwork of outdated and overlapping regulations. We
believe the plan as outlined, will increase the competitiveness of our
financial markets, provide greater efficiencies for our companies, and
therefore increase shareholder value. Business Roundtable looks
forward to the promise these improvements will bring for America's
companies and citizens," said John J. Castellani, president, Business
Roundtable.

Business Roundtable (www.businessroundtable.org) is an association
of chief executive officers of leading U.S. companies with $4.5
trillion in annual revenues and nearly 10 million employees. Member
companies comprise nearly a third of the total value of the U.S. stock
markets and represent over 40 percent of all corporate income taxes
paid to the federal government. Collectively, they returned $114
billion in dividends to shareholders and the economy in 2006.

Business Roundtable
Johanna Schneider, 202-496-3270

Copyright Business Wire 2008