In November 2006, the Committee on Capital Markets Regulation, a group of academics and market specialists, issued its interim report, the first research report on the apparent migration of public offerings by international companies from the United States to London and other overseas markets. The interim report analyzed the causes of this trend and suggested remedies. In a second report, published in early December, the committee updated and expanded upon the interim report’s initial findings. The new report shows an even more pronounced trend away from the U.S. securities markets. Reports by other groups, including the U.S. Chamber of Commerce, the Financial Services Roundtable, and Senator Charles Schumer (D-N.Y.) and New York City mayor Michael Bloomberg, also record the same effect. There is now little doubt that a trend is underway, and debate has largely shifted to its causes. Speakers at this conference--including committee director Hal S. Scott, former Securities and Exchange Commission member Roel Campos, Donald C. Langevoort of Georgetown University Law Center, and Heidi M. Schooner of the Catholic University of America’s Columbus School of Law--will review the findings in the committee’s new report and consider the possible causes of the U.S. public securities markets’ relative decline.