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Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017

4/7/2025, 3:21 PM

Summary of Bill HR 477

Bill 115 HR 477, also known as the Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017, aims to streamline the process for small businesses looking to merge, acquire, sell, or utilize brokerage services. The bill seeks to reduce regulatory burdens and provide more flexibility for small businesses in these transactions.

Key provisions of the bill include simplifying the paperwork and reporting requirements for small businesses engaging in mergers, acquisitions, sales, or brokerage services. It also aims to clarify the rules and regulations surrounding these transactions to make it easier for small businesses to navigate the process.

Additionally, the bill includes measures to promote transparency and fairness in these transactions, ensuring that small businesses have access to the information they need to make informed decisions. It also includes provisions to protect small businesses from fraud and abuse in the brokerage industry. Overall, the Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017 is designed to support small businesses in their efforts to grow and succeed by reducing regulatory barriers and providing more clarity and transparency in these important transactions.

Current Status of Bill HR 477

Bill HR 477 is currently in the status of Bill Introduced since January 12, 2017. Bill HR 477 was introduced during Congress 115 and was introduced to the House on January 12, 2017.  Bill HR 477's most recent activity was Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of December 11, 2017

Bipartisan Support of Bill HR 477

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 477

Primary Policy Focus

Finance and Financial Sector

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