Thursday, April 14, 2016

Need your Support for Senate Bill S-1010





Recently, Senator Joe Manchin III (D WV) and Senator David Vitter (R LA) sent a Dear Colleague letter to every US Senator urging them to co-sponsor S-1010, The Small Business Mergers, Acquisitions, Sales & Brokerage Simplification Act of 2015.
Your US Senators urgently need to hear from YOU that this bill is important to you, and to buyers and sellers of privately held businesses in your state.

Passage of this small but important bill will codify the regulatory relief envisioned in the SEC M&A Broker No Action Letter, and will harmonize federal law with proposed changes in state securities laws.  

It is strongly supported by the North American Securities Administrators Association (NASAA) which formally adopted its Model State Rule on September 29, 2015.  NASAA's Model State Rule, which closely parallels the language in S-1010, and is now in the process of being adopted state by state.

NO NEED TO LOOK UP YOUR SENATORS' NAMES AND ADDRESSES.  NO NEED TO CUT AND PASTE.  JUST CLICK, AND ENTER YOUR ZIP CODE, NAME AND ADDRESS!  Email your US Senators NOW!

Even if you've previously emailed your US Senators, now is the time to email them again!

As ever, please don't hesitate to call/contact me if you have any questions regarding this matter.


For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at Eric@EdisonAvenue.com or 239.738.6227. Also, visit our Edison Avenue website at www.EdisonAvenue.com or my personal website at www.BuySellFLbiz.com.

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