S. 3391 · 117th Congress
Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
KennedySponsorNo cosponsors.
Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021
What it does: CRS summary · Introduced in Senate · Dec 14, 2021
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 are subject to suspension or revocation of registration.
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 2021
Latest action (Apr 5, 2022): Committee on Banking, Housing, and Urban Affairs. Hearings held.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Dec 14, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.