The "REG Act of 2024" is like asking the grown-ups who make rules for trading companies to check their rules every five years to see if they still make sense and keep everyone safe while playing fair. They also have to make sure these rules don’t pile up and cause confusing problems.

The bill wants a special government person to check if big rules made by a group that watches over money and stocks are working well every few years, like seeing if they're doing their job and not costing too much. But, if there are more than ten rules, they will only look at the most important ten.

The "Empowering Main Street in America Act of 2024" wants to change some rules to help small companies grow by making it easier for them to get money and for normal people to invest, while making sure everything is fair and safe. It's like giving small and new businesses a boost so they can do well but making sure everyone plays by the rules.