Empowering Main Street in America Act of 2024

The Empowering Main Street in America Act of 2024 would make it easier for small businesses and startups to access capital by expanding securities exemptions and revising investor rules. It increases the revenue threshold for "emerging growth companies" from $1 billion to $2 billion (adjusted for inflation), maintains a $500,000 micro-offering cap with inflation adjustments, and creates new pathways for retail investors to qualify as accredited investors through education-based certification. The bill also requires the Securities and Exchange Commission to publish detailed economic data on capital markets and consider costs and benefits when creating new regulations. These changes would directly affect small businesses seeking funding, investors, and the SEC's regulatory approach to capital markets.