S. 3391IntroducedFINANCE AND FINANCIAL SECTOR
Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021
Banking and financial institutions regulation · Business records · Corporate finance and management
Key facts
Introduced: Dec 14, 2021
Chamber: Senate
Cosponsors: 0
Congress: 117th
Latest action · Apr 5, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held.
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 are subject to suspension or revocation of registration.
Summary by Congressional Research Service.
Timeline
- Apr 5, 2022Committee on Banking, Housing, and Urban Affairs. Hearings held.
- Apr 5, 2022Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-621.
- Dec 14, 2021Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Dec 14, 2021Introduced in Senate
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