H.R. 935 · 117th Congress
Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021
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3 cosponsors · 2 D, 1 R
3 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- House Introduced Feb 8, 2021
- House Passed May 11, 2022 419–0
Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021
What it does: CRS summary · Passed House · May 11, 2022
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
Votes to become law
About this bill and sources
Official title: Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021
Latest action (May 12, 2022): Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Feb 8, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML) · Embed in your story
- House Introduced Feb 8, 2021
- House Passed May 11, 2022 419–0
Final vote · House · May 11, 2022
Passage (two-thirds required) — Passed. Vote details
Speaker of the House: Nancy Pelosi