To amend the Securities Act of 1933 to address emerging growth companies, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Securities Act of 1933 to address emerging growth companies, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Government Operations, Labor.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section S1: 1. Short title; table of contents This Act may be cited as the Empowering Main Street in America Act of 2024. The table of contents for this Act is as follows:
- Section id045d04b22b2749f6829b22ecd5ae4785: 2. Definition In this Act, the term Commission means the Securities and Exchange Commission.
- Section id3077d74e94514758b31eb02f622329f7: 101. Helping startups continue to grow Section 2(a) of the Securities Act of 1933 (15 U.S.C. 77b(a)) is amended by striking paragraph (19) and inserting the...
- Section H9D90B6696E2A4B01B4E30D3CAD88A28E: 102. Micro-offering exemption Section 4 of the Securities Act of 1933 (15 U.S.C. 77d) is amended— in subsection (a), by adding at the end the following:...
- Section id1E0BC49925294F18BF65984D86645D4E: 103. Investment companies Section 3(c)(1) of the Investment Company Act of 1940 (15 U.S.C. 80a–3(c)(1)) is amended— in the matter preceding subparagraph (A),...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Securities Act of 1933 to address emerging growth companies, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Government Operations, Labor
Primary Purpose
This bill, To amend the Securities Act of 1933 to address emerging growth companies, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMr. Scott of South Carolina (for himself, Mr. Crapo, Mr. …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_commission"
- → The commission identified in the operative section
- "secretary_of_labor"
- → Secretary of Labor
Key Definitions
Terms defined in this bill
a person that— receives transaction-based compensation— for effecting a transaction by— introducing an issuer or owner of securities and a buyer of such securities in connection with the sale of a business effected as the sale of securities
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology