117-hr-935117th Congress

Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021

Sponsored By: Representative Huizenga, Bill [R-MI-4]

Unknown

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 are subject to suspension or revocation of registration.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Huizenga, Bill [R-MI-4]

MI • R

Cosponsors

  • Rep. Posey, Bill [R-FL-8]

    FL • R

    Sponsored 2/8/2021

  • Rep. Maloney, Carolyn B. [D-NY-12]

    NY • D

    Sponsored 2/8/2021

  • Rep. Higgins, Brian [D-NY-26]

    NY • D

    Sponsored 2/8/2021

Roll Call Votes

All Roll Calls

Yes: 419 • No: 0

house vote • 5/11/2022

On Motion to Suspend the Rules and Pass, as Amended

Yes: 419 • No: 0

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