Campaign for Clarity HR 477, The Small Business Mergers, Acquisitions, Sales & Brokerage Simplification Act of 2017. March 31, 2017

On March 31st, the following national and international professional associations jointly sent a letter to the leadership of the House Financial Services Committee, urging prompt passage of HR 477, The Small Business Mergers, Acquisitions, Sales & Brokerage Simplification Act of 2017 … [Read More]

IBBA Affiliate Council Meeting Legislative Updates May 22, 2016

At our Affiliate Council meeting in Orlando, Mike Ertl spoke about the importance of for the need for thousands of people across the country to contact their Senators in support of Senate Bill S-1010. Mike shared the status of the ongoing Campaign for Clarity and the next steps that we can take to help. I would like to remind you that Mike Ertl, along with other volunteers of the brokerage industry, have worked tirelessly over the past many years to help get business brokers exempt from the onerous and expensive SEC registration process and to protect us from potentially losing commissions… [Read More]

IBBA and M&A Source Update on Passage of H.R. 686 by House Representatives

On February 3, 2016, the House of Representatives passed H.R. 686 within H.R. 1675 (Capital Markets Improvement Act of 2016) with an amendment to make H.R. 686 comport with the companion bill in the Senate, S. 1010. The amendment to H.R. 686 added back two important investor protections which NASAA (the North American Securities Administrators Association) strongly advocated… [Read More]