Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2013

Floor Speech

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Mr. SCHNEIDER. Mr. Speaker, I rise in strong support of the Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2013, H.R. 2274.

I want to thank Congresswoman Sewell and Congressman Huizenga for bringing this bipartisan bill to the floor.

Small businesses are the fabric of our economy and oftentimes the fabric of the communities in which we live. Many of these businesses are family-owned businesses. They provide the wherewithal, the stability, and the future aspirations for many families. These businesses frequently are passed from generation to generation, but sometimes the next generation does not or is not able to take over the next business.

It is critical for our communities and critical for our economies that these businesses are able to pass to a new owner to continue to employ people, to continue to drive our economy, and that is exactly what this bill does. It allows those businesses to bring in the expertise, to bring in the knowledge, to bring in the capacity, to move from generation to generation even outside the family. So that is why I rise and I encourage my colleagues to support this bill.

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