Press Releases

Today, Congressman Huizenga's legislation H.R. 2274, the Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act passed the House by a unanimous vote of 422 to 0. Prior to the vote, Congressman Huizenga spoke in support of his legislation to remove costly regulatory hurdles for small business, increase job creation and foster economic growth.

(Click on the picture above to watch the video)

• "Currently, all M & A brokers are subject to costly burdensome regulatory requirements which adversely impact and unnecessarily increase the costs that business owners incur when they buy or sell their businesses. Often we have heard anecdotally and statistically that small business owners have to make a decision. They can't move ahead, they can't really afford to sell that corner store, mom and pop type operation so they end up closing it."

• "This bipartisan bill would create a simplified system for brokers performing services in connection with the transfer of ownership of smaller privately held companies. By simplifying the regulation and reducing the cost of these business brokerage services, these smaller privately-owned companies would be able to safely, efficiently and effectively transfer their company, preserving jobs currently in existence while also allowing for continued economic growth and job creation to take place at these companies."

• "It has been estimated that approximately $10 trillion of privately owned, small and family-owned type businesses will be sold or potentially closed in the coming years as baby boomers retire. We want people to see the fruits of their hard work over the years. We want them to be able to sell those companies; we don't want to see people close them unnecessarily, because we know the impact that happens to small communities."