H.R. 686: Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2015

To amend the Securities Exchange Act of 1934 to exempt from registration brokers performing services in connection with the transfer of ownership of smaller privately held companies.

The bill’s titles are written by its sponsor.

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Feb 3, 2015


Reported by Committee on May 20, 2015

The committees assigned to this bill sent it to the House or Senate as a whole for consideration on May 20, 2015.


Bill Huizenga

Representative for Michigan's 2nd congressional district



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Last Updated: Jan 28, 2016
Length: 10 pages


6% chance of being enacted according to PredictGov (details)


Feb 3, 2015

This is the first step in the legislative process.

May 20, 2015
Reported by Committee

A committee has issued a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Passed House

Passed Senate

Signed by the President

H.R. 686 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

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“H.R. 686 — 114th Congress: Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2015.” www.GovTrack.us. 2015. October 24, 2016 <https://www.govtrack.us/congress/bills/114/hr686>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.