1. Short title This Act may be cited as the Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2018 . 2. Registration exemption for merger and acquisition brokers Section 15(b) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78o(b) ) is amended by adding at the end the following: (13) Registration exemption for merger and acquisition brokers (A) Definitions In this paragraph: (i) Business combination related shell company The term business combination shell company means a shell company that is formed by an entity that is not a shell company solely for the purpose of— (I) changing the corporate domicile of that entity solely within the United States; or (II) completing a business combination transaction (as defined in section 230.165(f) of title 17, Code of Federal Regulations) among 1 or more entities other than the company itself, none of which is a shell company. (ii) Control (I) In general The term control means the power, directly or indirectly, to direct the management or policies of a company, whether through ownership of securities, by contract, or otherwise. (II) Presumption For the purposes of this clause, a person shall be presumed to have control under any of the following circumstances: (aa) The person is a director, general partner, member, or manager of a limited liability company, or a corporate officer of a corporation or limited liability company, and exercises executive responsibility (or has similar status or functions). (bb) The person has— (AA) the right to vote not less than 25 percent of a class of voting securities