Bills
H.R.477

H.R.477: Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017

Read the bill

About This Bill

Introduced Jan. 12, 2017
Latest Major Action Dec. 11, 2017
See the three similar bills introduced in other congresses.

Bill Sponsor

Bill Huizenga (R-Mich.)

Bill Cosponsors

10 (2 Democrats, 8 Republicans)

Bill Versions

Referred in Senate - Dec. 11, 2017
Engrossed in House - Dec. 7, 2017
Reported in House - Nov. 30, 2017
Introduced in House - Jan. 12, 2017

Bill Summary

Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017 (Sec. 2) This bill amends the Securities Exchange Act of 1934 to exempt from that Act's registration requirements merger-and-acquisition brokers that facilitate transfer of ownership in privately held companies with earnings or revenues under a specified threshold. This exemption shall not apply, however, to brokers that: receive, hold, transmit, or have...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 10 statements associated with H.R.477.

See statements

Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for H.R.477.

See estimate

Bill Actions

Date	Description
Dec. 11, 2017	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec. 7, 2017	Considered as unfinished business.
Dec. 7, 2017	Considered under the provisions of rule H. Res. 647.
Dec. 7, 2017	Motion to reconsider laid on the table Agreed to without objection.
Dec. 7, 2017	Vote in the House On passage Passed by the Yeas and Nays: 426 - 0 (Roll no. 669).
Dec. 7, 2017	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.
Dec. 7, 2017	DEBATE - Pursuant to the provisions of H.Res. 647, the House proceeded with 10 minutes of debate on the Sherman amendment No. 1.
Dec. 7, 2017	DEBATE - The House proceeded with one hour of debate on H.R. 477.
Dec. 7, 2017	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
Dec. 7, 2017	Considered as unfinished business. (consideration: CR H9742-9743)
Dec. 7, 2017	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)
Dec. 6, 2017	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
Nov. 30, 2017	Placed on the Union Calendar, Calendar No. 318.
Nov. 30, 2017	Reported by the Committee on Financial Services. H. Rept. 115-431.
Oct. 12, 2017	Ordered to be Reported by the Yeas and Nays: 37 - 23.
Oct. 12, 2017	Committee Consideration and Mark-up Session Held.
Oct. 11, 2017	Committee Consideration and Mark-up Session Held.
Jan. 12, 2017	Referred to the House Committee on Financial Services.
Jan. 12, 2017	Introduced in the House by Bill Huizenga (R-Mich.)

Legislators

Bills

Statements

Lobbying

Travel