Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017
This bill amends the Securities Exchange Act of 1934 to generally exempt certain merger-and-acquisition brokers from that Act's registration requirements. This exemption shall not apply, however, to brokers that: (1) receive, hold, transmit, or have custody of funds or securities to be exchanged by parties to an ownership transfer of a privately held company that meets specified conditions; (2) engage on behalf of an issuer in a public offering of registered securities; (3) engage on behalf of any party in a transaction involving a public shell company; or (4) are subject to suspension or revocation of registration or to other specified disqualifications.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2017-12-11 | IntroReferral | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate |
| 2017-12-07 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2017-12-07 | Vote | On passage Passed by the Yeas and Nays: 426 - 0 (Roll no. 669). | House floor actions |
| 2017-12-07 | Floor | Considered as unfinished business. (consideration: CR H9742-9743) | House floor actions |
| 2017-12-07 | Floor | POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 477, the Chair put the question on passage of the bill, and announced by voice vote that the ayes had prevailed. Mr. Hensarling demanded the yeas and nays, and the Chair postponed further proceedings on the question of passage until later in the legislative day. | House floor actions |
| 2017-12-07 | Floor | DEBATE - Pursuant to the provisions of H.Res. 647, the House proceeded with 10 minutes of debate on the Sherman amendment No. 1. | House floor actions |
| 2017-12-07 | Floor | DEBATE - The House proceeded with one hour of debate on H.R. 477. | House floor actions |
| 2017-12-07 | Floor | Provides for consideration of H.R. 477 and H.R. 3971 under structured rules with one hour of debate, one motion to recommit with or without instructions on each measure. Also provides for consideration of H.J.Res. 123 under a closed rule, with one hour of debate and one motion | House floor actions |
| 2017-12-07 | Floor | Considered under the provisions of rule H. Res. 647. (consideration: CR H9739-9742; text of amendment in the nature of a substitute: CR H9739-9740) | House floor actions |
| 2017-12-06 | Floor | Rules Committee Resolution H. Res. 647 Reported to House. Provides for consideration of H.R. 477 and H.R. 3971 under structured rules with one hour of debate, one motion to recommit with or without instructions on each measure. Also provides for consideration of H.J.Res. 123 under a closed rule, with one hour of debate and one motion | House floor actions |
| 2017-11-30 | Calendars | Placed on the Union Calendar, Calendar No. 318. | House floor actions |
| 2017-11-30 | Committee | Reported by the Committee on Financial Services. H. Rept. 115-431. | House floor actions |
| 2017-10-12 | Committee | Ordered to be Reported by the Yeas and Nays: 37 - 23. | House committee actions |
| 2017-10-12 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2017-10-11 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2017-01-12 | IntroReferral | Referred to the House Committee on Financial Services. | House floor actions |
| 2017-01-12 | IntroReferral | Introduced in House | Library of Congress |