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United States · Bill · HR

H.R. 477 (115th)

Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017

referredUnited States· United States Congress· EN

Introduced

12 January 2017

Last action

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Status

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

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Subjects

Discovery layer

Source updated

7 April 2025

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Summary

Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017 This bill amends the Securities Exchange Act of 1934 to generally exempt certain merger-and-acquisition brokers from that Act's registration requirements. This exemption shall not apply, however, to brokers that: (1) receive, hold, transmit, or have custody of funds or securities to be exchanged by parties to an ownership transfer of a privately held company that meets specified conditions; (2) engage on behalf of an issuer in a public offering of registered securities; (3) engage on behalf of any party in a transaction involving a public shell company; or (4) are subject to suspension or revocation of registration or to other specified disqualifications.

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Documents

11 official files

Referred in Senate (text)

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