Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021
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 status
passed
3 of 5 stages cleared
Introduction
Feb 2021
Committee Review
May 2022
House Passage
May 2022
Senate Passage
President
Introduced Feb 8, 2021
Last action May 12, 2022
Floor votes · House May 11, 2022
How they voted
419–0
Passed · 9 other
Total votes 428
May 11, 2022
D
Democratic220
98% Yea
R
Republican208
97% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
16
Key actions
4
Committee
5
Amendments
3
May 12, 2022
Committee
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
May 11, 2022
Introduced
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)
lower
May 11, 2022
Lower · Passed
Passed/agreed to in House: 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).
lower
May 10, 2022
Introduced
Mr. Garcia (IL) moved to suspend the rules and pass the bill, as amended.
lower
May 10, 2022
Lower · Passed
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-313.
lower
Jul 29, 2021
Introduced
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
lower
Jul 29, 2021
Lower · Passed
Committee Consideration and Mark-up Session Held.
lower
Jul 28, 2021
Lower · Passed
Committee Consideration and Mark-up Session Held.
lower
Feb 8, 2021
Committee
Referred to the House Committee on Financial Services.
lower
Feb 8, 2021
Introduced
Introduced in House
lower
1 primary · 3 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Bill Huizenga
RRepublican
Co
Bill Posey
RRepublican
Co
Brian Higgins
DDemocratic
Co
Carolyn B. Maloney
DDemocratic
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