Legis Daily

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

USA117th CongressHR-935| House 
| Updated: 5/12/2022
Bill Huizenga

Bill Huizenga

Republican Representative

Michigan

Cosponsors (3)
Brian Higgins (Democratic)Carolyn B. Maloney (Democratic)Bill Posey (Republican)

Financial Services Committee, Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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 Text Versions

View Text
4 versions available

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-609
Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2019

Bill from Previous Congress

HR 115-477
Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017
Feb 8, 2021
Introduced in House
Feb 8, 2021
Referred to the House Committee on Financial Services.
Jul 28, 2021
Committee Consideration and Mark-up Session Held.
Jul 29, 2021
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
Jul 29, 2021
Committee Consideration and Mark-up Session Held.
Apr 5, 2022

Latest Companion Bill Action

S 117-3391
Committee on Banking, Housing, and Urban Affairs. Hearings held.
May 10, 2022
Placed on the Union Calendar, Calendar No. 233.
May 10, 2022
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-313.
May 10, 2022
Mr. Garcia (IL) moved to suspend the rules and pass the bill, as amended.
May 10, 2022
Considered under suspension of the rules. (consideration: CR H4746-4748)
May 10, 2022
DEBATE - The House proceeded with forty minutes of debate on H.R. 935.
May 10, 2022
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
May 11, 2022
Considered as unfinished business. (consideration: CR H4837-4838)
May 11, 2022
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 419 - 0 (Roll no. 158). (text: 05/10/2022 CR H4746-4747)
View Vote
May 11, 2022
Motion to reconsider laid on the table Agreed to without objection.
May 12, 2022
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • Bill from Previous Congress

    HR 116-609
    Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2019


  • Bill from Previous Congress

    HR 115-477
    Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017


  • February 8, 2021
    Introduced in House


  • February 8, 2021
    Referred to the House Committee on Financial Services.


  • July 28, 2021
    Committee Consideration and Mark-up Session Held.


  • July 29, 2021
    Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.


  • July 29, 2021
    Committee Consideration and Mark-up Session Held.


  • April 5, 2022

    Latest Companion Bill Action

    S 117-3391
    Committee on Banking, Housing, and Urban Affairs. Hearings held.


  • May 10, 2022
    Placed on the Union Calendar, Calendar No. 233.


  • May 10, 2022
    Reported (Amended) by the Committee on Financial Services. H. Rept. 117-313.


  • May 10, 2022
    Mr. Garcia (IL) moved to suspend the rules and pass the bill, as amended.


  • May 10, 2022
    Considered under suspension of the rules. (consideration: CR H4746-4748)


  • May 10, 2022
    DEBATE - The House proceeded with forty minutes of debate on H.R. 935.


  • May 10, 2022
    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.


  • May 11, 2022
    Considered as unfinished business. (consideration: CR H4837-4838)


  • May 11, 2022
    On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 419 - 0 (Roll no. 158). (text: 05/10/2022 CR H4746-4747)
    View Vote


  • May 11, 2022
    Motion to reconsider laid on the table Agreed to without objection.


  • May 12, 2022
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Related Bills

  • S 117-3391: Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021
Banking and financial institutions regulationBusiness recordsCorporate finance and managementLicensing and registrationsSecuritiesSmall business

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

USA117th CongressHR-935| House 
| Updated: 5/12/2022
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 Text Versions

View Text
4 versions available

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-609
Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2019

Bill from Previous Congress

HR 115-477
Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017
Feb 8, 2021
Introduced in House
Feb 8, 2021
Referred to the House Committee on Financial Services.
Jul 28, 2021
Committee Consideration and Mark-up Session Held.
Jul 29, 2021
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
Jul 29, 2021
Committee Consideration and Mark-up Session Held.
Apr 5, 2022

Latest Companion Bill Action

S 117-3391
Committee on Banking, Housing, and Urban Affairs. Hearings held.
May 10, 2022
Placed on the Union Calendar, Calendar No. 233.
May 10, 2022
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-313.
May 10, 2022
Mr. Garcia (IL) moved to suspend the rules and pass the bill, as amended.
May 10, 2022
Considered under suspension of the rules. (consideration: CR H4746-4748)
May 10, 2022
DEBATE - The House proceeded with forty minutes of debate on H.R. 935.
May 10, 2022
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
May 11, 2022
Considered as unfinished business. (consideration: CR H4837-4838)
May 11, 2022
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 419 - 0 (Roll no. 158). (text: 05/10/2022 CR H4746-4747)
View Vote
May 11, 2022
Motion to reconsider laid on the table Agreed to without objection.
May 12, 2022
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • Bill from Previous Congress

    HR 116-609
    Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2019


  • Bill from Previous Congress

    HR 115-477
    Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017


  • February 8, 2021
    Introduced in House


  • February 8, 2021
    Referred to the House Committee on Financial Services.


  • July 28, 2021
    Committee Consideration and Mark-up Session Held.


  • July 29, 2021
    Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.


  • July 29, 2021
    Committee Consideration and Mark-up Session Held.


  • April 5, 2022

    Latest Companion Bill Action

    S 117-3391
    Committee on Banking, Housing, and Urban Affairs. Hearings held.


  • May 10, 2022
    Placed on the Union Calendar, Calendar No. 233.


  • May 10, 2022
    Reported (Amended) by the Committee on Financial Services. H. Rept. 117-313.


  • May 10, 2022
    Mr. Garcia (IL) moved to suspend the rules and pass the bill, as amended.


  • May 10, 2022
    Considered under suspension of the rules. (consideration: CR H4746-4748)


  • May 10, 2022
    DEBATE - The House proceeded with forty minutes of debate on H.R. 935.


  • May 10, 2022
    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.


  • May 11, 2022
    Considered as unfinished business. (consideration: CR H4837-4838)


  • May 11, 2022
    On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 419 - 0 (Roll no. 158). (text: 05/10/2022 CR H4746-4747)
    View Vote


  • May 11, 2022
    Motion to reconsider laid on the table Agreed to without objection.


  • May 12, 2022
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Bill Huizenga

Bill Huizenga

Republican Representative

Michigan

Cosponsors (3)
Brian Higgins (Democratic)Carolyn B. Maloney (Democratic)Bill Posey (Republican)

Financial Services Committee, Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • S 117-3391: Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Banking and financial institutions regulationBusiness recordsCorporate finance and managementLicensing and registrationsSecuritiesSmall business