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.

On March 4, 2020, the SEC issued a proposing release (the Proposing Release) to amend the exempt offering framework to address complexities that may impede access to capital for issuers and access to investment opportunities for investors. Under the current framework, there are 10 exemptions (safe harbors) with different requirements.