H.R. 686 · 114th Congress
Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2015
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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HuizengaSponsor10 cosponsors · 3 D, 7 R
D
Higgins
BP
R
Posey
CC
R
Curbelo
ZL
D
Lofgren
FL
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Lucas
DJ
R
Jolly
AK
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Kuster
TE
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Emmer
DR
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Ross
KB
R
Brady2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2015
What it does: CRS summary · Reported to House without amendment · Jan 28, 2016
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2015
(Sec. 2) This bill amends the Securities Exchange Act of 1934 to exempt from its registration requirements certain merger and acquisition brokers and associated persons.
A merger and acquisition broker shall not be exempt from registration, however, if the broker: (1) receives, holds, transmits, or has custody of any funds or securities to be exchanged by parties to a transfer of ownership of an eligible privately held company; or (2) engages on behalf of an issuer in a public offering of securities that are either subject to mandatory registration, or with respect to which the issuer must file periodic information, documents, and reports.
Nothing in this Act shall be construed to limit any other authority of the Securities and Exchange Commission to exempt any person, or any class of persons, from any provision of this Act, including any related rule or regulation.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2015
Latest action (Jan 28, 2016): Placed on the Union Calendar, Calendar No. 303.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Feb 3, 2015
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.