MADISONVILLE, La. – Senator John F. Kennedy (R-La.)’s Small Business Mergers, Acquisitions, Sales and Brokerage Simplification Act has become law as part of the annual financing bill. Kennedy’s legislation will help small business owners by making it easier for them to buy and sell. The legislation does this by eliminating the need for registered intermediaries to oversee these sales.
“At a time when Americans are struggling under Pres. Biden’s terrible economic policies, this legislation will give small businesses more flexibility to create and keep jobs. Getting rid of this bureaucracy will support individual workers , job creators and the economy as a whole,” Kennedy said.
The current requirements are detrimental to small and mid-sized job creators and hold back growth across the U.S. economy. The legislation would address this issue by allowing small business mergers and acquisitions (M&A) brokers to organize the buying and selling of ownership and control of private companies without registering as a “broker-dealer” (SEC) with the Securities and Exchange Commission and the financial industry Regulatory Authority (FINRA).
When building and selling companies becomes easier, investors are more willing to commit resources to them. This in turn creates jobs and increases the value of individual businesses and the economy as a whole.