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S 1923 113th Congress Senate Finance and Financial Sector Banking and financial institutions regulation Business records Corporate finance and management Licensing and registrations Securities Small business

Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2014

Introduced: January 14, 2014 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 14, 2014
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jan 14, 2014
Introduced in Senate
 Plain-English summary Congressional Research Service

Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2014 - Amends the Securities Exchange Act of 1934 to exempt from its registration requirements certain merger and acquisition (M&A) 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 the construction of this Act to limit any other authority of the Securities and Exchange Commission (SEC) to exempt any person, or any class of persons, from any provision of this Act, including any related rule or regulation.

What's happening now January 14, 2014

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 1 Republican 2 Independent 1