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Chair cites Empowering Main Street in America Act as a foundation for reforms
Summary
The chair pointed to the previously introduced Empowering Main Street in America Act as a starting point, saying it would expand investment options for everyday Americans and tailor regulations across company growth stages.
The chair said that last Congress they introduced the Empowering Main Street in America Act to address limited access to capital markets for many Americans. He described the measure as intended to expand how everyday Americans can invest in growing businesses and to tailor regulatory treatment for companies at different stages of growth.
The chair framed the act as one element among multiple bipartisan proposals members have offered, and said the committee is working to update the capital-formation package to incorporate workable ideas. He asked witnesses to assess what parts of the previous bill worked in practice and what should be revised.
