H.R.2274: Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2014

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about finance and financial sector
You can read the bill
Sponsor Bill Huizenga, R-Mich.
Total Cosponsors 9 (2 Democrats, 7 Republicans)
Introduced June 6, 2013
Latest Major Action Jan. 15, 2014
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See it on C-SPAN

Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2014 - Amends the Securities Exchange Act of 1934 to exempt from its registration requirements certain merger and acquisition (M&A) 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 the construction of this Act to limit any other authority of the Securities and Exchange Commission (SEC) to exempt any person, or any class of persons, from any provision of this Act, including any related rule or regulation.

(Source: Congressional Research Service)

Bill Actions

Date Description
Jan. 15, 2014 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jan. 14, 2014 The title of the measure was amended. Agreed to without objection.
Jan. 14, 2014

On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 422 - 0 (Roll no. 14). (text: CR H192-193)

Jan. 14, 2014 Considered as unfinished business. (consideration: CR H198-199)
Jan. 14, 2014 At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Jan. 14, 2014 DEBATE - The House proceeded with forty minutes of debate on H.R. 2274.
Jan. 14, 2014 Considered under suspension of the rules. (consideration: CR H192-196)
Jan. 14, 2014 Mr. Garrett moved to suspend the rules and pass the bill, as amended. (consideration: CR H192)
Jan. 14, 2014 Placed on the Union Calendar, Calendar No. 243.
Jan. 14, 2014 Reported (Amended) by the Committee on Financial Services. H. Rept. 113-326.
Nov. 14, 2013 Ordered to be Reported (Amended) by the Yeas and Nays: 57 - 0.
Nov. 14, 2013 Committee Consideration and Mark-up Session Held.
Oct. 23, 2013 Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
June 6, 2013 Referred to the House Committee on Financial Services.