House vote: H.R. 935 // May 11, 2022Needed two-thirds to pass
Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021
Sponsor: Bill Huizenga (R-MI)
This bill exempts from securities registration requirements certain merger-and-acquisition brokers that facilitate transfer of ownership in privately held companies with earnings or revenues under a specified threshold. However, this exemption shall not apply to certain brokers, including those that provide financing related to the transfer of ownership, engage on behalf of any party in a transaction involving specified shell companies, or have been barred or suspended from association with a broker or dealer.
Finance and Financial Sector Topic assigned by the Congressional Research Service.
Who won, and how much of the country was behind them
The dotted gap is 5.2% of U.S. adults whose member did not vote, voted “present,” or whose seat was vacant.
| Side | Outcome | Votes | Share of U.S. adults |
|---|---|---|---|
| Yea | Won | 411 | 94.8% |
| Nay | Lost | 0 | 0.0% |
| Not represented on this question | No position taken | 0 | 5.2% |