3.0.0 686 2023-01-11T13:28:36Z 2023-01-11T13:28:36Z House HR 2015-02-03 114 [Congressional Record Volume 161, Number 18 (Tuesday, February 3, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. HUIZENGA of Michigan:H.R. 686.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clauses 1 (``The Congress shall havePower To lay and collect Taxes, Duties, Imposts and Excises,to pay the Debts and provide for the common Defense andgeneral Welfare of the United States; but all Duties, Impostsand Excises shall be uniform throughout the United States''),3 (``To regulate Commerce with foreign Nations, and among theseveral States, and with the Indian Tribes''), and 18 (``Tomake all Laws which shall be necessary and proper forcarrying into Execution the foregoing Powers, and all otherPowers vested by this Constitution in the Government of theUnited States, or in any Department or Officer thereof).[Page H757]]]> hsba00 Financial Services Committee House Standing hsba16 Capital Markets Subcommittee Hearings by 2015-04-29T13:31:27Z Reported by 2016-01-28T19:53:04Z Markup by 2015-05-20T14:21:13Z Referred to 2015-02-03T15:01:15Z H. Rept. 114-400 Promoting Job Creation and Reducing Small Business Burdens Act 114 37 HR 2015-01-16 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2015 114 1010 S 2015-04-20 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS Capital Markets Improvement Act of 2016 114 1675 HR 2016-02-04 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS Financial CHOICE Act of 2016 114 5983 HR 2016-12-20 Placed on the Union Calendar, Calendar No. 693. Related bill CRS 2016-01-28 Placed on the Union Calendar, Calendar No. 303. Calendars H12410 2 House floor actions U00303 2016-01-28 Reported by the Committee on Financial Services. H. Rept. 114-400. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2016-01-28 Reported by the Committee on Financial Services. H. Rept. 114-400. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2015-05-20 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported by the Yeas and Nays: 36 - 24. Committee 2015-05-20 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2015-04-29 hsba16 Capital Markets Subcommittee 1 House committee actions Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral. Committee 2015-02-03 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2015-02-03 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-02-03 Introduced in House IntroReferral 1000 9 Library of Congress H001058 Rep. Huizenga, Bill [R-MI-2] Bill Huizenga R MI 2 N H001038 Rep. Higgins, Brian [D-NY-26] Brian Higgins D NY 26 2015-02-03 True P000599 Rep. Posey, Bill [R-FL-8] Bill Posey R FL 8 2015-02-03 True C001107 Rep. Curbelo, Carlos [R-FL-26] Carlos Curbelo R FL 26 2015-03-04 False L000397 Rep. Lofgren, Zoe [D-CA-19] ZOE LOFGREN D CA 19 2015-05-01 False L000491 Rep. Lucas, Frank D. [R-OK-3] FRANK LUCAS R OK D. 3 2015-05-13 False J000296 Rep. Jolly, David W. [R-FL-13] David Jolly R FL W. 13 2015-06-10 False K000382 Rep. Kuster, Ann M. [D-NH-2] Ann Kuster D NH M. 2 2015-06-24 False E000294 Rep. Emmer, Tom [R-MN-6] Tom Emmer R MN 6 2015-09-22 False R000593 Rep. Ross, Dennis A. [R-FL-15] Dennis Ross R FL A. 15 2015-12-01 False B000755 Rep. Brady, Kevin [R-TX-8] KEVIN BRADY R TX 8 2016-01-28 False 2015-06-18T12:00:05Z H.R. 686, Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2015 https://www.cbo.gov/publication/50320 As ordered reported by the House Committee on Financial Services on May 20, 2015 Finance and Financial Sector Banking and financial institutions regulation Business records Corporate finance and management Licensing and registrations Securities Small business Finance and Financial Sector 00 2015-02-03 Introduced in House 2015-02-10T20:47:20Z 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.

]]> 79 2016-01-28 Reported to House without amendment 2016-04-05T16:38:18Z (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

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 Display Title Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2015 Official Title as Introduced 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. Introduced in House IH Short Titles as Introduced Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2015 Short Titles as Reported to House Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2015 H House Reported in House 2016-01-28T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr686rh/xml/BILLS-114hr686rh.xml Introduced in House 2015-02-03T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr686ih/xml/BILLS-114hr686ih.xml 2016-01-28 Placed on the Union Calendar, Calendar No. 303. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.