Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021
This bill died when its Congress ended.
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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.
Filed in the Senate
This senate bill has been filed and is working its way through Congress. It will need to pass both the Senate and the House, then be signed by the President to become law.
Who introduced this
John Kennedy
RepublicanU.S. Senator · LA
Introduced solo — no cosponsors joined.
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