Legis Daily

HALOS Act of 2023

USA118th CongressHR-1553| House 
| Updated: 12/12/2023
Michael Lawler

Michael Lawler

Republican Representative

New York

Cosponsors (2)
Wiley Nickel (Democratic)Josh Gottheimer (Democratic)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Helping Angels Lead Our Startups Act of 2023 or the HALOS Act of 2023 This bill directs the Securities and Exchange Commission (SEC) to revise Regulation D, which exempts certain securities offerings from SEC registration requirements but prohibits general solicitation or general advertising with respect to such offerings. Under the bill, 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.

Bill Text Versions

View Text
2 versions available

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Timeline

Bill from Previous Congress

HR 116-1909
HALOS Act

Bill from Previous Congress

HR 117-9451
HALOS Act of 2022

Bill from Previous Congress

HR 115-79
HALOS Act
Mar 10, 2023
Introduced in House
Mar 10, 2023
Referred to the House Committee on Financial Services.
May 24, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 35 - 12.
May 24, 2023
Committee Consideration and Mark-up Session Held
Nov 14, 2023

Latest Companion Bill Action

S 118-3298
Introduced in Senate
Dec 12, 2023
Placed on the Union Calendar, Calendar No. 250.
Dec 12, 2023
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-310.
  • Bill from Previous Congress

    HR 116-1909
    HALOS Act


  • Bill from Previous Congress

    HR 117-9451
    HALOS Act of 2022


  • Bill from Previous Congress

    HR 115-79
    HALOS Act


  • March 10, 2023
    Introduced in House


  • March 10, 2023
    Referred to the House Committee on Financial Services.


  • May 24, 2023
    Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 35 - 12.


  • May 24, 2023
    Committee Consideration and Mark-up Session Held


  • November 14, 2023

    Latest Companion Bill Action

    S 118-3298
    Introduced in Senate


  • December 12, 2023
    Placed on the Union Calendar, Calendar No. 250.


  • December 12, 2023
    Reported (Amended) by the Committee on Financial Services. H. Rept. 118-310.

Finance and Financial Sector

Related Bills

  • S 118-3298: HALOS Act of 2023
  • HR 118-2799: Expanding Access to Capital Act of 2023
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 2023

USA118th CongressHR-1553| House 
| Updated: 12/12/2023
Helping Angels Lead Our Startups Act of 2023 or the HALOS Act of 2023 This bill directs the Securities and Exchange Commission (SEC) to revise Regulation D, which exempts certain securities offerings from SEC registration requirements but prohibits general solicitation or general advertising with respect to such offerings. Under the bill, 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.

Bill Text Versions

View Text
2 versions available

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 117-9451
HALOS Act of 2022

Bill from Previous Congress

HR 115-79
HALOS Act
Mar 10, 2023
Introduced in House
Mar 10, 2023
Referred to the House Committee on Financial Services.
May 24, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 35 - 12.
May 24, 2023
Committee Consideration and Mark-up Session Held
Nov 14, 2023

Latest Companion Bill Action

S 118-3298
Introduced in Senate
Dec 12, 2023
Placed on the Union Calendar, Calendar No. 250.
Dec 12, 2023
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-310.
  • Bill from Previous Congress

    HR 116-1909
    HALOS Act


  • Bill from Previous Congress

    HR 117-9451
    HALOS Act of 2022


  • Bill from Previous Congress

    HR 115-79
    HALOS Act


  • March 10, 2023
    Introduced in House


  • March 10, 2023
    Referred to the House Committee on Financial Services.


  • May 24, 2023
    Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 35 - 12.


  • May 24, 2023
    Committee Consideration and Mark-up Session Held


  • November 14, 2023

    Latest Companion Bill Action

    S 118-3298
    Introduced in Senate


  • December 12, 2023
    Placed on the Union Calendar, Calendar No. 250.


  • December 12, 2023
    Reported (Amended) by the Committee on Financial Services. H. Rept. 118-310.
Michael Lawler

Michael Lawler

Republican Representative

New York

Cosponsors (2)
Wiley Nickel (Democratic)Josh Gottheimer (Democratic)

Financial Services Committee

Finance and Financial Sector

Related Bills

  • S 118-3298: HALOS Act of 2023
  • HR 118-2799: Expanding Access to Capital Act of 2023
  • 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