United States · Bill · S
S. 3391 (117th)
Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021
Introduced
14 December 2021
Last action
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Status
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Sponsors
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Subjects
Discovery layer
Source updated
27 May 2026
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.
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Votes
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 14 December 2021
Introduced in Senate (PDF)
Introduced in Senate · EN · 14 December 2021
Introduced in Senate
summary · EN · 14 December 2021
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/117th-congress/senate-bill/3391
- Open data entity: https://api.congress.gov/v3/bill/117/s/3391