US Treasury Outlines Sweeping Blueprint to Reform Capital Markets

U.S. Secretary of the Treasury Steven Mnuchin and Director of the National Economic Council Gary Cohn walk after meeting with Republican law makers about tax reform on Capitol Hill in Washington, U.S., Sept. 12, 2017. Reuters/Joshua Roberts)

WASHINGTON—The U.S. Treasury on Friday unveiled a blueprint for sweeping reforms of the U.S. capital markets as it looks to implement Republican President Donald Trump’s agenda to promote economic growth by slashing red tape.

The report recommends a raft of measures to encourage companies to seek public listings, to promote companies’ access to capital, and to give investors a wider array of investment opportunities, that could largely be implemented without legislative changes.