Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2015

Summary

Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2015 Amends the Securities Exchange Act of 1934 to exempt from its registration requirements certain merger and acquisition brokers and associated persons. Denies such registration exemption, however, to brokers who: (1) receive, hold, transmit, or have custody of any funds or securities to be exchanged by parties to a transfer of ownership of an eligible privately held company; (2) engage 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; (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 certain statutory disqualifications, or to certain final orders. Prohibits this Act from being 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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 20 April 2015

   Introduced

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

   Source: IntroReferral

2. 20 April 2015

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 20 April 2015 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 20 April 2015

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 20 April 2015

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 20 April 2015

  Open at official source

Sponsors

• Sen. Manchin, Joe, III [I-WV] · D · Sponsor
• Sen. Vitter, David [R-LA] · R · Sponsor
• James Lankford · R · Cosponsor
• Tim Scott · R · Cosponsor
• · ssbk00 · Standing

Related records

• related to → Promoting Job Creation and Reducing Small Business Burdens Act
• related to → Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2015
• related to → Capital Markets Improvement Act of 2016
• related to ← Financial CHOICE Act of 2016