Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021

United States117th CongressHR-935House of Representatives
Updated: May 12, 2022

Summary

Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021 This bill exempts from securities registration requirements certain merger-and-acquisition brokers that facilitate transfer of ownership in privately held companies with earnings or revenues under a specified threshold. However, this exemption shall not apply to certain brokers, including those that provide financing related to the transfer of ownership, engage on behalf of any party in a transaction involving specified shell companies, or have been barred or suspended from association with a broker or dealer.

Bill texts

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Timeline

Latest companion bill action

S-3391: Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021

Committee on Banking, Housing, and Urban Affairs. Hearings held.

  1. Considered as unfinished business. (consideration: CR H4837-4838)

    House of Representatives

  2. On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 419 - 0 (Roll no. 158). (text: 05/10/2022 CR H4746-4747)

    House of Representatives

    View vote

  3. Motion to reconsider laid on the table Agreed to without objection.

    House of Representatives

  4. Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Senate