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HALOS Act of 2019

USA116th CongressS-1063| Senate 
| Updated: 4/8/2019
Christopher Murphy

Christopher Murphy

Democratic Senator

Connecticut

Cosponsors (5)
Thomas Tillis (Republican)Kyrsten Sinema (Independent)John Thune (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 of 2019 or the HALOS Act of 2019 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, if 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 27, 2019

Latest Companion Bill Action

HR 116-1909
Introduced in House
Apr 8, 2019
Introduced in Senate
Apr 8, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • March 27, 2019

    Latest Companion Bill Action

    HR 116-1909
    Introduced in House


  • April 8, 2019
    Introduced in Senate


  • April 8, 2019
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Related Bills

  • HR 116-1909: HALOS Act
Administrative law and regulatory proceduresBusiness investment and capitalFinancial services and investmentsHigher educationMarketing and advertisingSecuritiesSecurities and Exchange Commission (SEC)Social work, volunteer service, charitable organizations

HALOS Act of 2019

USA116th CongressS-1063| Senate 
| Updated: 4/8/2019
Helping Angels Lead Our Startups Act of 2019 or the HALOS Act of 2019 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, if 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 27, 2019

Latest Companion Bill Action

HR 116-1909
Introduced in House
Apr 8, 2019
Introduced in Senate
Apr 8, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • March 27, 2019

    Latest Companion Bill Action

    HR 116-1909
    Introduced in House


  • April 8, 2019
    Introduced in Senate


  • April 8, 2019
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Christopher Murphy

Christopher Murphy

Democratic Senator

Connecticut

Cosponsors (5)
Thomas Tillis (Republican)Kyrsten Sinema (Independent)John Thune (Republican)Brian Schatz (Democratic)Patrick Toomey (Republican)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 116-1909: HALOS Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresBusiness investment and capitalFinancial services and investmentsHigher educationMarketing and advertisingSecuritiesSecurities and Exchange Commission (SEC)Social work, volunteer service, charitable organizations