skip to main content

H.R. 935: Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021

Call or Write Congress

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.

Sponsor and status

Bill Huizenga

Sponsor. Representative for Michigan's 2nd congressional district. Republican.

Read Text »
Last Updated: May 12, 2022
Length: 12 pages
Introduced
Feb 8, 2021
117th Congress (2021–2023)
Status

Passed House (Senate next) on May 11, 2022

This bill passed in the House on May 11, 2022 and goes to the Senate next for consideration.

Other activity may have occurred on another bill with identical or similar provisions.

Cosponsors

3 Cosponsors (2 Democrats, 1 Republican)

Prognosis
26% chance of being enacted according to Skopos Labs (details)
Source

Position statements

What legislators are saying

419-0! Huizenga Legislation to Help Small Businesses Passes House with Unanimous Support
    — Rep. Bill Huizenga [R-MI2] (Sponsor) on May 11, 2022

the daily leader: wednesday, may 11, 2022
    — Rep. Steny Hoyer [D-MD5] on May 11, 2022

McKinley Ranked Highly for Effectiveness In New Report
    — Rep. David McKinley [R-WV1] on Apr 6, 2021

More statements at ProPublica Represent...

What stakeholders are saying

R Street Institute SpendingTracker.org estimates new spending due to H.R. 935 will be negligible.

History

Feb 8, 2021
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Jul 28, 2021
 
Considered by House Committee on Financial Services

A committee held a hearing or business meeting about the bill.

Jul 29, 2021
 
Ordered Reported

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

May 6, 2022
 
On House Schedule

The House indicated that this bill would be considered in the week ahead.

May 6, 2022
 
Text Published

Updated bill text was published as of Preprint (Suspension).

May 10, 2022
 
Reported by House Committee on Financial Services

A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions.

May 11, 2022
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next.

If this bill has further action, the following steps may occur next:
 
Passed Senate

 
Signed by the President

H.R. 935 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.

Bills numbers restart every two years. That means there are other bills with the number H.R. 935. This is the one from the 117th Congress.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“H.R. 935 — 117th Congress: Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021.” www.GovTrack.us. 2021. May 17, 2022 <https://www.govtrack.us/congress/bills/117/hr935>

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.