H.R. 935 · 117th Congress
Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021
- Stage
- Passed a chamber
- Sponsor
- Bill Huizenga
- Introduced
- 2021-02-08
- Latest action
- 2022-05-12 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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.