117th Congress > House > Vote 605

Date: May 11, 2022

Result: 419-0 (Passed)

Clerk session vote number: 158

Sponsor: HUIZENGA, Bill (R-MI)

Bill number: HR935

Question: On Motion to Suspend the Rules and Pass, as Amended

Description: Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act

Bill 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 titles: To amend the Securities Exchange Act of 1934 to exempt from registration brokers performing services in connection with the transfer of ownership of smaller privately held companies.To amend the Securities Exchange Act of 1934 to exempt from registration brokers performing services in connection with the transfer of ownership of smaller privately held companies.

Links for more info on the vote: congress.gov

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