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117th Congress > House > Vote 605
Clerk session vote number: 158
Sponsor: HUIZENGA, Bill (R-MI)
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