II 115th CONGRESS 2d Session S. 3518 IN THE SENATE OF THE UNITED STATES September 27, 2018 Mr. Peters (for himself and Mr. Kennedy ) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To amend the Securities Exchange Act of 1934 to exempt from registration brokers performing services in connection with the transfer of ownership of smaller privately held companies.