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S 3391 117th 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 2021

Introduced: December 14, 2021 Introduced by: Kennedy, John Republican · Louisiana See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 5, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Apr 5, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-621.
Dec 14, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 14, 2021
Introduced in Senate
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 Plain-English summary Congressional Research Service

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.

What's happening now April 5, 2022

Committee on Banking, Housing, and Urban Affairs. Hearings held.

 Related & companion bills 1
  • HR 935 Related bill Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 3391: Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-S-3391/
MLA
"S. 3391: Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-3391/.
Bluebook (legal)
S. 3391, 117th Cong. (2026), https://openamerica.io/bill/117-S-3391/.
Markdown link
[S. 3391: Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021](https://openamerica.io/bill/117-S-3391/)
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