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HALOS Act of 2023

USA118th CongressS-3298| Senate 
| Updated: 11/14/2023
Christopher Murphy

Christopher Murphy

Democratic Senator

Connecticut

Cosponsors (2)
Thomas Tillis (Republican)Kyrsten Sinema (Independent)

Banking, Housing, and Urban Affairs 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 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

S 116-1063
HALOS Act of 2019
Nov 14, 2023
Introduced in Senate
Nov 14, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 12, 2023

Latest Companion Bill Action

HR 118-1553
Placed on the Union Calendar, Calendar No. 250.
  • Bill from Previous Congress

    S 116-1063
    HALOS Act of 2019


  • November 14, 2023
    Introduced in Senate


  • November 14, 2023
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • December 12, 2023

    Latest Companion Bill Action

    HR 118-1553
    Placed on the Union Calendar, Calendar No. 250.

Finance and Financial Sector

Related Bills

  • HR 118-1553: HALOS Act of 2023

HALOS Act of 2023

USA118th CongressS-3298| Senate 
| Updated: 11/14/2023
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 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

S 116-1063
HALOS Act of 2019
Nov 14, 2023
Introduced in Senate
Nov 14, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 12, 2023

Latest Companion Bill Action

HR 118-1553
Placed on the Union Calendar, Calendar No. 250.
  • Bill from Previous Congress

    S 116-1063
    HALOS Act of 2019


  • November 14, 2023
    Introduced in Senate


  • November 14, 2023
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • December 12, 2023

    Latest Companion Bill Action

    HR 118-1553
    Placed on the Union Calendar, Calendar No. 250.
Christopher Murphy

Christopher Murphy

Democratic Senator

Connecticut

Cosponsors (2)
Thomas Tillis (Republican)Kyrsten Sinema (Independent)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 118-1553: HALOS Act of 2023
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted