Capital Markets & Securities Law Watch

A group of United States senators, including the Ranking Member of the Senate Banking Committee, has introduced the Empowering Main Street in America Act of 2024. The bill, which largely addresses issues surrounding emerging growth companies, is divided into four parts, each focusing on a specific goal to: promote capital formation, expand investment opportunities for retail investors, enhance investor confidence, and increase oversight over regulatory bodies.

Yesterday, the Securities and Exchange Commission adopted new rules of significance for both private securities offerings and mandatory public company disclosures, in line with key SEC policy initiatives.