HR 935
117th Congress
House
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 2021
Introduced: February 8, 2021
Introduced by:
Huizenga, Bill
Republican
· Michigan
See on congress.gov
Everywhere this bill has been
16 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 12, 2022
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 11, 2022
Motion to reconsider laid on the table Agreed to without objection.
May 11, 2022
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). (text: 05/10/2022 CR H4746-4747)
May 11, 2022
Passed/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).
May 11, 2022
Considered as unfinished business. (consideration: CR H4837-4838)
May 10, 2022
At 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.
May 10, 2022
DEBATE - The House proceeded with forty minutes of debate on H.R. 935.
May 10, 2022
Considered under suspension of the rules. (consideration: CR H4746-4748)
May 10, 2022
Mr. Garcia (IL) moved to suspend the rules and pass the bill, as amended.
May 10, 2022
Placed on the Union Calendar, Calendar No. 233.
May 10, 2022
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-313.
Jul 29, 2021
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
Jul 29, 2021
Committee Consideration and Mark-up Session Held.
Jul 28, 2021
Committee Consideration and Mark-up Session Held.
Feb 8, 2021
Referred to the House Committee on Financial Services.
Feb 8, 2021
Introduced in House
Votes taken on this bill
1
| Date | Chamber | What was voted on | Result | Yes–No | |
|---|---|---|---|---|---|
| May 11, 2022 | House · vote #158 | On Motion to Suspend the Rules and Pass, as Amended | Passed | 419–0 | See who voted → |
Plain-English 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 have been barred or suspended from association with a broker or dealer.
What's happening now
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
2