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A bill to require the Securities and Exchange Commission to clarify what constitutes a general solicitation under the Federal securities laws, and for other purposes.

USA115th CongressS-588| Senate 
| Updated: 6/26/2018
Christopher Murphy

Christopher Murphy

Democratic Senator

Connecticut

Cosponsors (6)
Thomas Tillis (Republican)Heidi Heitkamp (Democratic)John Thune (Republican)Bob Corker (Republican)Brian Schatz (Democratic)Patrick Toomey (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Helping Angels Lead Our Startups Act or the HALOS Act This bill directs the Securities and Exchange Commission (SEC) to revise Regulation D, which exempts certain offerings from SEC registration requirements but prohibits general solicitation or general advertising with respect to such offerings. Specifically, this prohibition shall not apply to events with specified kinds of sponsors, including "angel investor groups" unconnected to broker-dealers or investment advisers, where presentations or communications are made by or on behalf of an issuer but: the advertising does not refer to any specific offering of securities by the issuer; the sponsor does not provide investment recommendation or advice to attendees, engage in investment negotiations with attendees, charge certain fees, or receive certain compensation; and no specific information regarding a securities offering is communicated beyond the type and amount of securities being offered, the amount of securities already subscribed for, and the intended use of proceeds from the offering.
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Timeline
Mar 9, 2017
Introduced in Senate
Mar 9, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jun 26, 2018
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-354.
  • March 9, 2017
    Introduced in Senate


  • March 9, 2017
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • June 26, 2018
    Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-354.

Finance and Financial Sector

Related Bills

  • HR 115-79: HALOS Act
Administrative law and regulatory proceduresBusiness investment and capitalFinancial services and investmentsMarketing and advertisingSecuritiesSecurities and Exchange Commission (SEC)

A bill to require the Securities and Exchange Commission to clarify what constitutes a general solicitation under the Federal securities laws, and for other purposes.

USA115th CongressS-588| Senate 
| Updated: 6/26/2018
Helping Angels Lead Our Startups Act or the HALOS Act This bill directs the Securities and Exchange Commission (SEC) to revise Regulation D, which exempts certain offerings from SEC registration requirements but prohibits general solicitation or general advertising with respect to such offerings. Specifically, this prohibition shall not apply to events with specified kinds of sponsors, including "angel investor groups" unconnected to broker-dealers or investment advisers, where presentations or communications are made by or on behalf of an issuer but: the advertising does not refer to any specific offering of securities by the issuer; the sponsor does not provide investment recommendation or advice to attendees, engage in investment negotiations with attendees, charge certain fees, or receive certain compensation; and no specific information regarding a securities offering is communicated beyond the type and amount of securities being offered, the amount of securities already subscribed for, and the intended use of proceeds from the offering.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 9, 2017
Introduced in Senate
Mar 9, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jun 26, 2018
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-354.
  • March 9, 2017
    Introduced in Senate


  • March 9, 2017
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • June 26, 2018
    Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-354.
Christopher Murphy

Christopher Murphy

Democratic Senator

Connecticut

Cosponsors (6)
Thomas Tillis (Republican)Heidi Heitkamp (Democratic)John Thune (Republican)Bob Corker (Republican)Brian Schatz (Democratic)Patrick Toomey (Republican)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 115-79: HALOS Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresBusiness investment and capitalFinancial services and investmentsMarketing and advertisingSecuritiesSecurities and Exchange Commission (SEC)