Legis Daily

HALOS Act of 2025

USA119th CongressS-3342| Senate 
| Updated: 12/4/2025
Pete Ricketts

Pete Ricketts

Republican Senator

Nebraska

Cosponsors (1)
Ruben Gallego (Democratic)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
The Helping Angels Lead Our Startups (HALOS) Act of 2025 mandates the Securities and Exchange Commission (SEC) to revise its rules concerning general solicitation and advertising. It specifically directs the SEC to amend Regulation D to exempt certain communications made by or on behalf of an issuer at qualifying events from the prohibition against general solicitation, aiming to facilitate capital raising for early-stage companies. This exemption applies to presentations at events sponsored by a range of organizations, including government entities, colleges, nonprofit organizations, angel investor groups , incubators, and accelerators. To qualify, the event's advertising must not reference specific security offerings, and the sponsor must adhere to strict guidelines, such as not providing investment advice or receiving compensation for introductions. Issuers at these events are permitted to share limited information about their offerings, such as the type and amount of securities and the intended use of proceeds. Importantly, attendance at such an event alone does not establish a pre-existing substantive relationship between an issuer and a potential purchaser for the purposes of Rule 506(b).
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Timeline

Bill from Previous Congress

S 116-1063
HALOS Act of 2019

Bill from Previous Congress

S 118-3298
HALOS Act of 2023
Jun 24, 2025

Latest Companion Bill Action

HR 119-3352
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 4, 2025
Introduced in Senate
Dec 4, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 4, 2025
  • Bill from Previous Congress

    S 116-1063
    HALOS Act of 2019


  • Bill from Previous Congress

    S 118-3298
    HALOS Act of 2023


  • June 24, 2025

    Latest Companion Bill Action

    HR 119-3352
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • December 4, 2025
    Introduced in Senate


  • December 4, 2025
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • December 4, 2025

Finance and Financial Sector

Related Bills

  • HR 119-3352: HALOS Act of 2025

HALOS Act of 2025

USA119th CongressS-3342| Senate 
| Updated: 12/4/2025
The Helping Angels Lead Our Startups (HALOS) Act of 2025 mandates the Securities and Exchange Commission (SEC) to revise its rules concerning general solicitation and advertising. It specifically directs the SEC to amend Regulation D to exempt certain communications made by or on behalf of an issuer at qualifying events from the prohibition against general solicitation, aiming to facilitate capital raising for early-stage companies. This exemption applies to presentations at events sponsored by a range of organizations, including government entities, colleges, nonprofit organizations, angel investor groups , incubators, and accelerators. To qualify, the event's advertising must not reference specific security offerings, and the sponsor must adhere to strict guidelines, such as not providing investment advice or receiving compensation for introductions. Issuers at these events are permitted to share limited information about their offerings, such as the type and amount of securities and the intended use of proceeds. Importantly, attendance at such an event alone does not establish a pre-existing substantive relationship between an issuer and a potential purchaser for the purposes of Rule 506(b).
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

Bill from Previous Congress

S 118-3298
HALOS Act of 2023
Jun 24, 2025

Latest Companion Bill Action

HR 119-3352
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 4, 2025
Introduced in Senate
Dec 4, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 4, 2025
  • Bill from Previous Congress

    S 116-1063
    HALOS Act of 2019


  • Bill from Previous Congress

    S 118-3298
    HALOS Act of 2023


  • June 24, 2025

    Latest Companion Bill Action

    HR 119-3352
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • December 4, 2025
    Introduced in Senate


  • December 4, 2025
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • December 4, 2025
Pete Ricketts

Pete Ricketts

Republican Senator

Nebraska

Cosponsors (1)
Ruben Gallego (Democratic)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 119-3352: HALOS Act of 2025
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted