Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2015
Amends the Securities Exchange Act of 1934 to exempt from its registration requirements certain merger and acquisition 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 this Act from being construed as limiting 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.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2016-01-28 | Calendars | Placed on the Union Calendar, Calendar No. 303. | House floor actions |
| 2016-01-28 | Committee | Reported by the Committee on Financial Services. H. Rept. 114-400. | House floor actions |
| 2015-05-20 | Committee | Ordered to be Reported by the Yeas and Nays: 36 - 24. | House committee actions |
| 2015-05-20 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2015-04-29 | Committee | Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral. | House committee actions |
| 2015-02-03 | IntroReferral | Referred to the House Committee on Financial Services. | House floor actions |
| 2015-02-03 | IntroReferral | Introduced in House | Library of Congress |