HR 935 · 117th Congress · Finance and Financial Sector
Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021
Bill Progress
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Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2022-05-12)
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Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 935, Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021
Jan 12, 2022As ordered reported by the House Committee on Financial Services on July 29, 2021
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (3)
2 Democrats1 Republican