HOUSE 935117th CongressReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

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

Last Action: 5/12/2022

Actions

2022-05-12Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2022-05-11Motion to reconsider laid on the table Agreed to without objection.
2022-05-11On 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)
2022-05-11Passed/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).
2022-05-11Considered as unfinished business. (consideration: CR H4837-4838)
2022-05-10At 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.
2022-05-10DEBATE - The House proceeded with forty minutes of debate on H.R. 935.
2022-05-10Considered under suspension of the rules. (consideration: CR H4746-4748)
2022-05-10Mr. Garcia (IL) moved to suspend the rules and pass the bill, as amended.
2022-05-10Placed on the Union Calendar, Calendar No. 233.
2022-05-10Reported (Amended) by the Committee on Financial Services. H. Rept. 117-313.
2022-05-10Reported (Amended) by the Committee on Financial Services. H. Rept. 117-313.
2021-07-29Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
2021-07-29Committee Consideration and Mark-up Session Held.
2021-07-28Committee Consideration and Mark-up Session Held.

Showing 15 of 18 actions. Full history on Congress.gov.

CRS Summary

As of 2022-05-11 (53)

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.

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