In a recent letter, the Consumer Federation of America, Americans for Financial Reform, Consumer Action, Institute for Agriculture and Trade Policy, Private Equity Stakeholder Project, & Public Citizen strongly oppose the so-called “Empowering Main Street in America Act of 2024.” The provisions of this bill, specifically in Titles I and II, would severely threaten the transparency, integrity, and accountability of U.S. securities markets, placing millions of investors at risk and undermining the broader economy.