Bill > HR686

Introduced Session

Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2015 (Sec. 2) This bill amends the Securities Exchange Act of 1934 to exempt from its registration requirements certain merger and acquisition brokers and associated persons. A merger and acquisition broker shall not be exempt from registration, however, if the broker: (1) receives, holds, transmits, or has custody of any funds or securities to be exchanged by parties to a transfer of ownership of an eligible privately held company; or (2) engages on behalf of an issuer in a public offering of securities that are either subject to mandatory registration, or with respect to which the issuer must file periodic information, documents, and reports. Nothing in this Act shall be construed to limit any other authority of the Securities and Exchange Commission to exempt any person, or any class of persons, from any provision of this Act, including any related rule or regulation.

Committee Categories

Bill Huizenga (R)*,  Kevin Brady (R),  Carlos Curbelo (R),  Tom Emmer (R),  Brian Higgins (D),  David Jolly (R),  Ann Kuster (D),  Zoe Lofgren (D),  Frank Lucas (R),  Bill Posey (R),  Dennis Ross (R), 

Placed on the Union Calendar, Calendar No. 303. (on 01/28/2016)

Official Document