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substantiveMay 11, 2022 · House roll call · passage · Result: Passed

On Motion to Suspend the Rules and Pass, as Amended — H R 935 — Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act

Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021

In plain language

  • House bill in the 117th Congress.
  • Exempts from securities registration requirements certain merger-and-acquisition brokers that facilitate transfer of ownership in privately held companies.
  • House passed it on May 11, 2022 (substantive).
Official 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 have been barred or suspended from association with a broker or dealer.

View this measure on congress.gov

Roll-call breakdown

Yea419

Democrat: 217 · Republican: 202

Nay0

Present0

Not Voting9

Democrat: 3 · Republican: 6

How each member voted (428)

Yea (419)

Not Voting (9)

Party labels reflect each member’s most recent affiliation on record.