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HR 1553 118th 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 2023

Introduced: May 22, 2023 Introduced by: Lawler, Michael Republican · New York See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 12, 2023
Placed on the Union Calendar, Calendar No. 250.
Dec 12, 2023
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-310.
May 24, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 35 - 12.
May 24, 2023
Committee Consideration and Mark-up Session Held
Mar 10, 2023
Referred to the House Committee on Financial Services.
Mar 10, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

Helping Angels Lead Our Startups Act of 2023 or the HALOS Act of 2023

This bill directs the Securities and Exchange Commission (SEC) to revise Regulation D, which exempts certain securities offerings from SEC registration requirements but prohibits general solicitation or general advertising with respect to such offerings. Under the bill, 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 12, 2023

Placed on the Union Calendar, Calendar No. 250.

 Related & companion bills 2
  • HR 2799 Related bill Expanding Access to Capital Act of 2023
  • S 3298 Related bill HALOS Act of 2023
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1
Nickel, Wiley
· May 22, 2023
 D
Gottheimer, Josh
New Jersey · Mar 10, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1553: HALOS Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-1553/
MLA
"H.R. 1553: HALOS Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-1553/.
Bluebook (legal)
H.R. 1553, 118th Cong. (2026), https://openamerica.io/bill/118-HR-1553/.
Markdown link
[H.R. 1553: HALOS Act of 2023](https://openamerica.io/bill/118-HR-1553/)
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