Madisonville, La. – Senator John Kennedy (R-LA) has signed into law the Small Business Mergers, Acquisitions, Sales and Brokerage Simplification Act as an annual funding bill. Kennedy’s law allows small business owners to buy and sell more easily. This Act does this by removing the need for a registered intermediary to control these sales.
“At a time when Americans are struggling under Pres. Biden’s bad economic policies, this legislation gives small businesses more flexibility to create and retain jobs. Eliminating this bureaucratic ball and chain would benefit individual workers, entrepreneurs, and the economy as a whole. said Kennedy.
The current requirement hurts small and medium-sized entrepreneurs, and this hinders growth in the US economy. The Act would allow small business mergers and acquisitions (M&A) brokers to arrange the sale and purchase of ownership, as well as regulate the regulation of private companies without the burden of registering as a “broker dealer” with the Securities and Exchange Commission. (SEC) and the Financial Industry Regulatory Authority (FINRA).
When they build and sell companies, investors are more willing to give them resources. This in turn creates jobs and increases the value of individual businesses and the economy as a whole.
