On January 12th, HR 477, The Small Business Mergers, Acquisitions, Sales and Brokerage Simplification Act of 2017, was introduced in the US House of Representatives.
Passage of predecessor bills to HR 477 have been strongly supported by the Alliance of Merger and Acquisition Advisors (AM&AA), the M&A Source (MAS), the International Business Brokers Association (IBBA), the Business Intermediary Education Foundation (BIEF), the Small Business Investor Alliance (SBIA), the US Chamber of Commerce, the Association for Corporate Growth (ACG), and numerous regional, national and international professional associations.
On September 29, 2015, the North American Securities Administrators Association (NASAA) formally adopted a Model Rule that codifies the regulatory relief suggested in the SEC M&A Broker No Action Letter.
Now is the time to harmonize federal securities law with these regulatory changes.
For more information on this legislation, please view the joint industry brief on HR 477.
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.
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