US Congress House Bill 686 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 8-3)
Status: Introduced on February 3 2015 - 25% progression, died in chamber
Action: 2016-01-28 - Placed on the Union Calendar, Calendar No. 303.
Text: Latest bill text (Introduced) [PDF]

Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2015 (Sec. 2) This bill amends the Securities Exchange Act of 1934 to exempt from its registration requirements certain merger and acquisition brokers and associated persons. A merger and acquisition broker shall not be exempt from registration, however, if the broker: (1) receives, holds, transmits, or has custody of any funds or securities to be exchanged by parties to a transfer of ownership of an eligible privately held company; or (2) engages 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. Nothing in this Act shall be 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.

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

Rep. Bill Huizenga [R-MI]	Rep. Brian Higgins [D-NY]	Rep. Bill Posey [R-FL]	Rep. Carlos Curbelo [R-FL]
Rep. Zoe Lofgren [D-CA]	Rep. Frank Lucas [R-OK]	Rep. David Jolly [R-FL]	Rep. Ann Kuster [D-NH]
Rep. Tom Emmer [R-MN]	Rep. Dennis Ross [R-FL]	Rep. Kevin Brady [R-TX]

Date	Chamber	Action
2016-01-28	House	Placed on the Union Calendar, Calendar No. 303.
2016-01-28	House	Reported by the Committee on Financial Services. H. Rept. 114-400.
2015-05-20	House	Ordered to be Reported by the Yeas and Nays: 36 - 24.
2015-05-20	House	Committee Consideration and Mark-up Session Held.
2015-04-29	House	Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
2015-02-03	House	Referred to the House Committee on Financial Services.
2015-02-03	House	Introduced in House

HB37 (Related) 2015-01-16 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
SB1010 (Related) 2015-04-20 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
HB1675 (Related) 2016-02-04 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/686/all-info
Text	https://www.congress.gov/114/bills/hr686/BILLS-114hr686ih.pdf
Text	https://www.congress.gov/114/bills/hr686/BILLS-114hr686rh.pdf