HR 686 · 114th Congress · Finance and Financial Sector

Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2015

Introduced 2015-02-03· Sponsored by Rep. Huizenga, Bill [R-MI-2]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Placed on the Union Calendar, Calendar No. 303.(2016-01-28)

Plain Language Summary

[AI summary unavailable — showing source text] Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2015 Amends the Securities Exchange Act of 1934 to exempt from its registration requirements certain merger and acquisition brokers and associated persons. Denies such registration exemption, however, to brokers who: (1) receive, hold, transmit, or have custody of any funds or securities to be exchanged by parties to a transfer of ownership of an eligible privately held company; or (2) engage on behalf of an issuer in a public offering of securities that are either subject to mandatory registration, or with respect to which the issuer must file periodic information, documents, and reports. Prohibits this Act from being construed as limiting any other authority of the Securities and Exchange Commission to exempt any person, or any class of persons, from any provision of this Act, including any related rule or regulation.…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

H.R. 686, Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2015

Jun 18, 2015

As ordered reported by the House Committee on Financial Services on May 20, 2015

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (10)

3 Democrats7 Republicans