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HALOS Act of 2022

USA117th CongressHR-9451| House 
| Updated: 12/7/2022
Ted Budd

Ted Budd

Republican Representative

North Carolina

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Helping Angels Lead Our Startups Act of 2022 or the HALOS Act of 2022 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

Bill from Previous Congress

HR 116-1909
HALOS Act

Bill from Previous Congress

HR 115-79
HALOS Act
Dec 7, 2022
Introduced in House
Dec 7, 2022
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 116-1909
    HALOS Act


  • Bill from Previous Congress

    HR 115-79
    HALOS Act


  • December 7, 2022
    Introduced in House


  • December 7, 2022
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

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 2022

USA117th CongressHR-9451| House 
| Updated: 12/7/2022
Helping Angels Lead Our Startups Act of 2022 or the HALOS Act of 2022 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

Bill from Previous Congress

HR 116-1909
HALOS Act

Bill from Previous Congress

HR 115-79
HALOS Act
Dec 7, 2022
Introduced in House
Dec 7, 2022
Referred to the House Committee on Financial Services.
  • Bill from Previous Congress

    HR 116-1909
    HALOS Act


  • Bill from Previous Congress

    HR 115-79
    HALOS Act


  • December 7, 2022
    Introduced in House


  • December 7, 2022
    Referred to the House Committee on Financial Services.
Ted Budd

Ted Budd

Republican Representative

North Carolina

Financial Services Committee

Finance and Financial Sector

  • 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