Nasdaq’s Policy Recommendations: Unlocking Capital Formation for a Stronger Economy
On March 31, 2025, Nasdaq, one of the world’s leading stock exchanges, released a policy paper titled “Advancing the U.S. Public Markets: Unlocking Capital Formation for a Stronger American Economy.” The paper is based on insights from a recent survey and ongoing engagement with over 3,000 Nasdaq-listed companies.
Key Insights and Proposals
The paper highlights several key areas where policy changes could help strengthen the public markets and improve the business environment for U.S. companies:
- Regulatory certainty: The paper calls for regulatory certainty and consistency, arguing that unpredictable regulatory changes can discourage companies from listing on U.S. exchanges.
- Tax policy: The paper recommends tax policy changes to encourage long-term investment and reduce the tax burden on companies and their shareholders.
- Infrastructure: The paper emphasizes the importance of modernizing and expanding U.S. infrastructure to support economic growth and attract foreign investment.
- Digital transformation: The paper advocates for policies that encourage digital transformation and innovation in the financial services sector.
Impact on Individuals
For individuals, the policy recommendations could lead to increased investment opportunities and potential returns. By creating a more attractive business environment, the U.S. may see more companies list on its exchanges, providing more options for individual investors. Additionally, tax policy changes could make it more financially beneficial for companies to stay and grow in the U.S., potentially leading to job creation and higher wages.
Impact on the World
On a global scale, the policy recommendations could help maintain the U.S. capital markets’ status as the world’s leading standard for economic innovation and wealth creation. By addressing regulatory uncertainty, improving infrastructure, and encouraging digital transformation, the U.S. could attract more foreign investment and remain a competitive hub for global businesses.
Conclusion
Nasdaq’s policy recommendations provide a roadmap for strengthening the U.S. public markets and unlocking capital formation for a stronger American economy. By focusing on regulatory certainty, tax policy, infrastructure, and digital transformation, the U.S. can create a more attractive business environment and maintain its position as a global leader in economic innovation and wealth creation.
