# 115-hr-477: Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017

115-hr-477, Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017, is a 115th Congress bill sponsored by Rep. Huizenga, Bill [R-MI-4] (R-MI); status Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/115-hr-477
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 115-hr-477
- Congress: 115
- Title: Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017
- Status: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced: 2017-01-12
- Sponsor: Rep. Huizenga, Bill [R-MI-4] (R-MI)
- Cosponsors: 10
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017 This bill amends the Securities Exchange Act of 1934 to generally exempt certain merger-and-acquisition brokers from that Act's registration requirements. This exemption shall not apply, however, to brokers that: (1) receive, hold, transmit, or have custody of funds or securities to be exchanged by parties to an ownership transfer of a privately held company that meets specified conditions; (2) engage on behalf of an issuer in a public offering of registered securities; (3) engage on behalf of any party in a transaction involving a public shell company; or (4) are subject to suspension or revocation of registration or to other specified disqualifications.

## Cosponsors (10)

- Rep. Posey, Bill [R-FL-8] (R-FL), 2017-01-12T00:00:00.000Z
- Rep. Higgins, Brian [D-NY-26] (D-NY), 2017-01-12T00:00:00.000Z
- Rep. Joyce, David P. [R-OH-14] (R-OH), 2017-01-31T00:00:00.000Z
- Rep. Brady, Kevin [R-TX-8] (R-TX), 2017-03-01T00:00:00.000Z
- Rep. Ross, Dennis A. [R-FL-15] (R-FL), 2017-03-07T00:00:00.000Z
- Rep. Lucas, Frank D. [R-OK-3] (R-OK), 2017-03-28T00:00:00.000Z
- Rep. Young, David [R-IA-3] (R-IA), 2017-04-03T00:00:00.000Z
- Rep. Lofgren, Zoe [D-CA-18] (D-CA), 2017-07-27T00:00:00.000Z
- Sen. Budd, Ted [R-NC] (R-NC), 2017-11-15T00:00:00.000Z
- Rep. Sessions, Pete [R-TX-17] (R-TX), 2017-11-29T00:00:00.000Z

## Related bills

- 115-hr-5499: Stephen Michael Gleason Congressional Gold Medal Act
- 115-hr-1697: Israel Anti-Boycott Act
- 115-hr-2315: To posthumously award the Congressional Gold Medal to each of Glen Doherty, Tyrone Woods, J. Christopher Stevens, and Sean Smith in recognition of their contri…
- 115-hr-1017: Removing Barriers to Colorectal Cancer Screening Act of 2017
- 115-hr-299: Blue Water Navy Vietnam Veterans Act of 2018
- 115-hr-38: Concealed Carry Reciprocity Act of 2017

## Sources
- [115-hr-477 on Congress.gov](https://www.congress.gov/bill/115th-congress/house-bill/477)

## Related
- [115-hr-5499: Stephen Michael Gleason Congressional Gold Medal Act](https://policyrisk.com/legislation/115-hr-5499)
- [115-hr-1697: Israel Anti-Boycott Act](https://policyrisk.com/legislation/115-hr-1697)
- [115-hr-2315: To posthumously award the Congressional Gold Medal to each of Glen Doherty, Tyr…](https://policyrisk.com/legislation/115-hr-2315)
- [115-hr-1017: Removing Barriers to Colorectal Cancer Screening Act of 2017](https://policyrisk.com/legislation/115-hr-1017)
- [115-hr-299: Blue Water Navy Vietnam Veterans Act of 2018](https://policyrisk.com/legislation/115-hr-299)
- [115-hr-38: Concealed Carry Reciprocity Act of 2017](https://policyrisk.com/legislation/115-hr-38)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/115-hr-477 (as of 2025-11-18).