Support HR 609

HR 609, The Small Business Mergers, Acquisitions, Sales and Brokerage Simplification Act of 2019, will codify regulatory relief envisioned in the SEC M&A Broker No Action Letter.

The predecessor bill, HR 477 (115th), passed the US House UNANIMOUSLY (426-0).

15 states have either adopted NASAA’s model rule, or issued interim no-action relief expressly referencing this pending federal legislation.

The time has come to harmonize and right-size federal and state regulation of business brokers and M&A advisors who facilitate purchase /sale transactions of small, privately held companies, and meet certain requirements.

HR 609 Text

Letter of Support

HR 609 Op-Ed