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HR 4915 113th Congress House Finance and Financial Sector Administrative law and regulatory procedures Business investment and capital Financial services and investments Higher education Marketing and advertising Securities Securities and Exchange Commission (SEC) Social work, volunteer service, charitable organizations

HALOS Act

Introduced: June 19, 2014 Introduced by: Schneider, Bradley Scott Democratic · Illinois See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 19, 2014
Referred to the House Committee on Financial Services.
Jun 19, 2014
Introduced in House
 Plain-English summary Congressional Research Service

Helping Angels Lead Our Startups Act or the HALOS Act - Directs the Securities and Exchange Commission (SEC) to amend Regulation D (governing the limited offer and sale of securities without registration under the Securities Act of 1933) to make the prohibition against general solicitation or general advertising inapplicable to events with specified kinds of sponsors (including angel investor groups not connected to broker-dealers or investment advisers) where:

  • presentations or communications are made by or on behalf of an issuer,
  • the advertising does not refer to any specific offering of securities by the issuer,
  • the sponsor does not engage in certain activities (such as offering investment recommendations or advice to attendees), and
  • no specific information regarding a securities offering is communicated (other than that the issuer is in the process of offering or planning to offer securities, including the type and amount of securities being offered).
What's happening now June 19, 2014

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1