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Bill113th CongressFiled Jun 6, 2013Finance and Financial Sector
H.R. 2274

Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2014

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary passed house amended (Jan 14, 2014)

Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2014 - Amends the Securities Exchange Act of 1934 to exempt from its registration requirements certain merger and acquisition (M&A) 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; or (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.

Prohibits the construction of this Act to limit any other authority of the Securities and Exchange Commission (SEC) to exempt any person, or any class of persons, from any provision of this Act, including any related rule or regulation.

What just happenedJan 15, 2014

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

Who’s behind it

Rep. Huizenga, Bill [R-MI-2](R-MI)Sponsor
9 cosponsors2 D7 R
Read on Congress.gov
9cosponsors2committees18actions4related bills10subjects
  • Referred in SenateJan 15, 2014
  • Engrossed in HouseJan 14, 2014
  • Reported in HouseJan 14, 2014
  • Introduced in HouseJun 6, 2013
  1. Jan 15, 2014IntroReferral

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

  2. Jan 14, 2014FloorH38800

    The title of the measure was amended. Agreed to without objection.

  3. Jan 14, 2014FloorH37300

    On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 422 - 0 (Roll no. 14). (text: CR H192-193)

  4. Jan 14, 2014Floor8000

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 422 - 0 (Roll no. 14).(text: CR H192-193)

  5. Jan 14, 2014FloorH30000

    Considered as unfinished business. (consideration: CR H198-199)

  6. Jan 14, 2014FloorH37220

    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

  7. Jan 14, 2014FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 2274.

  8. Jan 14, 2014FloorH30000

    Considered under suspension of the rules. (consideration: CR H192-196)

  9. Jan 14, 2014FloorH30300

    Mr. Garrett moved to suspend the rules and pass the bill, as amended. (consideration: CR H192)

  10. Jan 14, 2014CalendarsH12410

    Placed on the Union Calendar, Calendar No. 243.

  11. Jan 14, 2014CommitteeH12200

    Reported (Amended) by the Committee on Financial Services. H. Rept. 113-326.

  12. Jan 14, 2014Committee5000

    Reported (Amended) by the Committee on Financial Services. H. Rept. 113-326.

  13. Nov 14, 2013Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 57 - 0.

  14. Nov 14, 2013Committee

    Committee Consideration and Mark-up Session Held.

  15. Oct 23, 2013Committee

    Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.

  16. Jun 6, 2013IntroReferralH11100

    Referred to the House Committee on Financial Services.

  17. Jun 6, 2013IntroReferralIntro-H

    Introduced in House

  18. Jun 6, 2013IntroReferral1000

    Introduced in House

Passed House amendedJan 14, 201436

Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2014 - Amends the Securities Exchange Act of 1934 to exempt from its registration requirements certain merger and acquisition (M&A) 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; or (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.

Prohibits the construction of this Act to limit any other authority of the Securities and Exchange Commission (SEC) to exempt any person, or any class of persons, from any provision of this Act, including any related rule or regulation.

Introduced in HouseJun 6, 2013

Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2013 - Amends the Securities Exchange Act of 1934 to allow merger and acquisition brokers (M&A brokers) who perform services in connection with the transfer of ownership of smaller privately held companies to register with the Securities and Exchange Commission (SEC) by filing an electronic notice.

Declares such registration effective upon receipt by the SEC of a properly completed notice. Requires SEC approval of a registration, however, if the broker or an associated person is subject to suspension or revocation of registration, to a statutory disqualification, or to a disqualification under SEC rules pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2014 — Informed