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HR 9451 117th 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 of 2022

Introduced: December 7, 2022 Introduced by: Budd, Ted Republican · North Carolina 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
Dec 7, 2022
Referred to the House Committee on Financial Services.
Dec 7, 2022
Introduced in House
 Plain-English summary Congressional Research Service

Helping Angels Lead Our Startups Act of 2022 or the HALOS Act of 2022

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.
What's happening now December 7, 2022

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1