Legis Daily

HALOS Act of 2025

USA119th CongressHR-3352| House 
| Updated: 6/24/2025
Michael Lawler

Michael Lawler

Republican Representative

New York

Cosponsors (2)
Maria Elvira Salazar (Republican)Josh Gottheimer (Democratic)

Financial Services Committee, Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill mandates the Securities and Exchange Commission (SEC) to revise Regulation D within six months of enactment, specifically concerning the prohibition against general solicitation or general advertising. The revision will ensure that this prohibition does not apply to presentations or other communications made by or on behalf of an issuer at certain events. The primary goal is to facilitate early-stage companies' ability to discuss potential securities offerings with investors under controlled circumstances, without triggering general solicitation rules. These exempt events must be sponsored by specific entities, including government bodies, educational institutions, nonprofit organizations, angel investor groups , incubators, or venture forums. Strict conditions apply to these events: advertising cannot reference specific offerings, and sponsors are prohibited from providing investment advice, engaging in investment negotiations, or receiving compensation for introductions. Issuers at these events may only communicate limited information about an offering, such as its existence, type, amount, and intended use of proceeds, and attendance alone does not establish a pre-existing substantive relationship for Rule 506(b) purposes.

Bill Text Versions

View Text
4 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 118-1553
HALOS Act of 2023

Bill from Previous Congress

HR 115-79
HALOS Act
May 13, 2025
Introduced in House
May 13, 2025
Referred to the House Committee on Financial Services.
May 20, 2025
Committee Consideration and Mark-up Session Held
May 20, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 1.
Jun 3, 2025
Placed on the Union Calendar, Calendar No. 93.
Jun 3, 2025
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-123.
Jun 23, 2025
Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
Jun 23, 2025
Considered under suspension of the rules. (consideration: CR H2866-2868)
Jun 23, 2025
DEBATE - The House proceeded with forty minutes of debate on H.R. 3352.
Jun 23, 2025
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (consideration: CR H2866-2867)
Jun 23, 2025
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
Jun 23, 2025
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (consideration: CR H2866-2867)
Jun 23, 2025
Motion to reconsider laid on the table Agreed to without objection.
Jun 24, 2025
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 4, 2025

Latest Companion Bill Action

S 119-3342
Introduced in Senate
  • 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 118-1553
    HALOS Act of 2023


  • Bill from Previous Congress

    HR 115-79
    HALOS Act


  • May 13, 2025
    Introduced in House


  • May 13, 2025
    Referred to the House Committee on Financial Services.


  • May 20, 2025
    Committee Consideration and Mark-up Session Held


  • May 20, 2025
    Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 1.


  • June 3, 2025
    Placed on the Union Calendar, Calendar No. 93.


  • June 3, 2025
    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-123.


  • June 23, 2025
    Mrs. Wagner moved to suspend the rules and pass the bill, as amended.


  • June 23, 2025
    Considered under suspension of the rules. (consideration: CR H2866-2868)


  • June 23, 2025
    DEBATE - The House proceeded with forty minutes of debate on H.R. 3352.


  • June 23, 2025
    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (consideration: CR H2866-2867)


  • June 23, 2025
    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.


  • June 23, 2025
    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (consideration: CR H2866-2867)


  • June 23, 2025
    Motion to reconsider laid on the table Agreed to without objection.


  • June 24, 2025
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • December 4, 2025

    Latest Companion Bill Action

    S 119-3342
    Introduced in Senate

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 2025

USA119th CongressHR-3352| House 
| Updated: 6/24/2025
This bill mandates the Securities and Exchange Commission (SEC) to revise Regulation D within six months of enactment, specifically concerning the prohibition against general solicitation or general advertising. The revision will ensure that this prohibition does not apply to presentations or other communications made by or on behalf of an issuer at certain events. The primary goal is to facilitate early-stage companies' ability to discuss potential securities offerings with investors under controlled circumstances, without triggering general solicitation rules. These exempt events must be sponsored by specific entities, including government bodies, educational institutions, nonprofit organizations, angel investor groups , incubators, or venture forums. Strict conditions apply to these events: advertising cannot reference specific offerings, and sponsors are prohibited from providing investment advice, engaging in investment negotiations, or receiving compensation for introductions. Issuers at these events may only communicate limited information about an offering, such as its existence, type, amount, and intended use of proceeds, and attendance alone does not establish a pre-existing substantive relationship for Rule 506(b) purposes.

Bill Text Versions

View Text
4 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 118-1553
HALOS Act of 2023

Bill from Previous Congress

HR 115-79
HALOS Act
May 13, 2025
Introduced in House
May 13, 2025
Referred to the House Committee on Financial Services.
May 20, 2025
Committee Consideration and Mark-up Session Held
May 20, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 1.
Jun 3, 2025
Placed on the Union Calendar, Calendar No. 93.
Jun 3, 2025
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-123.
Jun 23, 2025
Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
Jun 23, 2025
Considered under suspension of the rules. (consideration: CR H2866-2868)
Jun 23, 2025
DEBATE - The House proceeded with forty minutes of debate on H.R. 3352.
Jun 23, 2025
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (consideration: CR H2866-2867)
Jun 23, 2025
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
Jun 23, 2025
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (consideration: CR H2866-2867)
Jun 23, 2025
Motion to reconsider laid on the table Agreed to without objection.
Jun 24, 2025
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 4, 2025

Latest Companion Bill Action

S 119-3342
Introduced in Senate
  • 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 118-1553
    HALOS Act of 2023


  • Bill from Previous Congress

    HR 115-79
    HALOS Act


  • May 13, 2025
    Introduced in House


  • May 13, 2025
    Referred to the House Committee on Financial Services.


  • May 20, 2025
    Committee Consideration and Mark-up Session Held


  • May 20, 2025
    Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 1.


  • June 3, 2025
    Placed on the Union Calendar, Calendar No. 93.


  • June 3, 2025
    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-123.


  • June 23, 2025
    Mrs. Wagner moved to suspend the rules and pass the bill, as amended.


  • June 23, 2025
    Considered under suspension of the rules. (consideration: CR H2866-2868)


  • June 23, 2025
    DEBATE - The House proceeded with forty minutes of debate on H.R. 3352.


  • June 23, 2025
    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (consideration: CR H2866-2867)


  • June 23, 2025
    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.


  • June 23, 2025
    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (consideration: CR H2866-2867)


  • June 23, 2025
    Motion to reconsider laid on the table Agreed to without objection.


  • June 24, 2025
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • December 4, 2025

    Latest Companion Bill Action

    S 119-3342
    Introduced in Senate
Michael Lawler

Michael Lawler

Republican Representative

New York

Cosponsors (2)
Maria Elvira Salazar (Republican)Josh Gottheimer (Democratic)

Financial Services Committee, Banking, Housing, and Urban Affairs 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