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
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
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 are subject to suspension or revocation of registration.
What's happening now
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Committees of jurisdiction
1