H.R. 935: Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021
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H.R. 935: Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021
117th Congress · introduced 2021-02-08 · Finance and Financial Sector · Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
federal
Follow this bill, step by step
- Where it came from: introduced 2021-02-08 · official record
- Who proposed it: Rep. Huizenga, Bill [R-MI-2] · what a sponsor is
- What happened next: 1 recorded vote in our records. Latest: House roll call 158 (2022): On Motion to Suspend the Rules and Pass, as Amended, HR935 (2022-05-11), Passed. See all
- Where it stands now: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Not final yet: this can still change. We check for updates every day.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021
Plain summary
Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021 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.
Congressional Research Service summary (Passed House), quoted unchanged (nonpartisan). Read the source.
What a vote does
A “Yea” vote
If it passes both chambers and is signed, it becomes law.
A “Nay” vote
If it is not passed, current law stays as it is.
PSI Sci description of the legislative step (not an opinion).
What does this mean? (plain words)
Official text
Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021
Source: Congressional Research Service summary (Passed House)
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Rep. Huizenga, Bill [R-MI-2] · 3 cosponsors
Cost estimate: CBO cost estimate: H.R. 935, Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2021 (2022-01-12)
Cosponsors on this site
Sponsor's campaign money: Rep. Huizenga, Bill [R-MI-2] reported raising $5.6 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.
Recorded votes
- House roll call 158 (2022): On Motion to Suspend the Rules and Pass, as Amended, HR935 (2022-05-11): Passed
Words on this page, explained (3)
- Bill
- A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
- Exemption
- A rule that removes certain people, property or activities from a tax or requirement.
- Securities
- Financial investments that can be bought and sold, such as stocks and bonds.
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Passed House)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-117hr935.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/117/hr>
Record fed-us-cong117-hr935 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117