Bill Sponsor
Senate Bill 3391
117th Congress(2021-2022)
Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021
Introduced
Introduced
Introduced in Senate on Dec 14, 2021
Overview
Text
Introduced
Dec 14, 2021
Latest Action
Apr 5, 2022
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3391
Congress
117
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
Louisiana
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
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.

Text (1)
December 14, 2021
Actions (3)
04/05/2022
Committee on Banking, Housing, and Urban Affairs. Hearings held.
12/14/2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
12/14/2021
Introduced in Senate
Public Record
Record Updated
Dec 30, 2022 3:34:01 AM