S 588
115th Congress
Senate
Finance and Financial Sector
Administrative law and regulatory procedures
Business investment and capital
Financial services and investments
Marketing and advertising
Securities
Securities and Exchange Commission (SEC)
HALOS Act
Introduced: March 9, 2017
Introduced by:
Murphy, Christopher
Democratic
· Connecticut
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 26, 2018
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-354.
Mar 9, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 9, 2017
Introduced in Senate
Plain-English summary
Helping Angels Lead Our Startups Act or the HALOS Act
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 but:
- 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.
What's happening now
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-354.
Committees of jurisdiction
1