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Monday, March 31, 2025

Dan Meuser highlights decline in public companies and calls for CFPB reform

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Rep. Dan Meuser, U.S. Representative for Pennsylvania's 9th District | Official U.S. House headshot

Rep. Dan Meuser, U.S. Representative for Pennsylvania's 9th District | Official U.S. House headshot

Congressman Dan Meuser, representing Pennsylvania's 9th district since 2019, has been vocal on various economic and regulatory issues. In a series of tweets, he addressed the decline in publicly traded companies, meetings with key financial figures, and the need for reform within the Consumer Financial Protection Bureau (CFPB).

On March 25, 2025, Congressman Meuser highlighted the significant decrease in publicly traded companies in the U.S., stating that "Back in 1997, nearly 8,800 companies were publicly traded in the U.S. Today, that number has dropped to fewer than 4,000. Meanwhile, the cost of going public has increased to more than $12 million—shutting out small businesses and everyday investors." He attributed this trend to increasing costs associated with going public.

Later that day, Congressman Meuser tweeted about his meeting with representatives from Nasdaq and the Philadelphia Stock Exchange. He noted that "Great to meet with @Nasdaq's Terry Campbell and Kevin Kennedy of the Philadelphia Stock Exchange today. The PHLX was founded in 1790 and is the first and oldest stock exchange in the United States." He emphasized its role as a critical economic driver for Philadelphia.

On March 26, 2025, Congressman Meuser expressed concerns regarding the CFPB. He stated that "The Consumer Financial Protection Bureau (CFPB) is top of the list in need of reform. Its unchecked power, combined with arrogance, dogmatic ideology, and narrowmindedness poses a dangerous threat to our government and more importantly consumers across the country." His comments reflect ongoing debates about regulatory oversight.

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