Press Releases

This evening, the House Financial Services Committee unanimously passed Congressman Bill Huizenga's bipartisan legislation H.R. 2274 - The Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act by a vote of 57 to 0. This legislation will remove regulatory roadblocks threatening jobs, economic growth, and future investment while allowing for the smooth sale and transfer of both small and mid-sized businesses.

"I am glad to see the Financial Services Committee act in such a strong bipartisan manner to pass H.R. 2274. As baby boomers retire, it is estimated that $10 trillion worth of privately-owned, main street businesses will be sold or closed. We don't want these businesses closing and causing their employees to lose their jobs.  The current one-size-fits-all regulatory structure fails to differentiate between the sale of a small privately held business and securities of a publicly traded company. H.R. 2274 recognizes this important difference and establishes a streamlined approach that allows for the sale of small and mid-size businesses while maintaining the necessary safeguards, protecting jobs, and allowing for continued economic growth."