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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.
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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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