House Bill 935
117th Congress(2021-2022)
Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021
Active
Active
Passed House on May 11, 2022
Overview
Text
Introduced
Feb 8, 2021
Latest Action
May 12, 2022
Origin Chamber
House
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
935
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
Michigan
Florida
House Votes (2)
Senate Votes (0)
Passed
May 11, 2022
Type
Final Passage Under Suspension Of The Rules Results
House Roll Call Votes
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 (4)
May 12, 2022
May 11, 2022
May 10, 2022
February 8, 2021
Actions (16)
05/12/2022
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
05/11/2022
Motion to reconsider laid on the table Agreed to without objection.
05/11/2022
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)
05/11/2022
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).
05/11/2022
Considered as unfinished business. (consideration: CR H4837-4838)
05/10/2022
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.
05/10/2022
DEBATE - The House proceeded with forty minutes of debate on H.R. 935.
05/10/2022
Considered under suspension of the rules. (consideration: CR H4746-4748)
05/10/2022
Mr. Garcia (IL) moved to suspend the rules and pass the bill, as amended.
05/10/2022
Placed on the Union Calendar, Calendar No. 233.
05/10/2022
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-313.
07/29/2021
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
07/29/2021
Committee Consideration and Mark-up Session Held.
07/28/2021
Committee Consideration and Mark-up Session Held.
02/08/2021
Referred to the House Committee on Financial Services.
02/08/2021
Introduced in House
Public Record
Record Created
Feb 9, 2021 8:12:11 AM
Record Updated
May 16, 2022 4:45:19 PM