3.0.0 4498 2023-01-11T13:31:40Z 2023-01-11T13:31:40Z House HR 2016-02-09 114 [Congressional Record Volume 162, Number 23 (Tuesday, February 9, 2016)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CHABOT:H.R. 4498.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 3 of the United StatesConstitution[Page H650]]]> ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2016-04-28T16:10:47Z hsba00 Financial Services Committee House Standing hsba16 Capital Markets Subcommittee Hearings by 2015-12-02T20:58:50Z Reported by 2016-04-19T18:26:02Z Markup by 2016-03-02T14:17:02Z Referred to 2016-02-09T17:00:35Z H. Rept. 114-509 Providing for consideration of the bill (H.R. 4498) to clarify the definition of general solicitation under Federal securities law. 114 701 HRES 2016-04-27 Motion to reconsider laid on the table Agreed to without objection. 15:53:35 Procedurally-related House HALOS Act 114 978 S 2015-04-16 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS Financial CHOICE Act of 2016 114 5983 HR 2016-12-20 Placed on the Union Calendar, Calendar No. 693. Related bill CRS 2016-04-28 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2016-04-27 17:28:57 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2016-04-27 17:28:55 On passage Passed by the Yeas and Nays: 325 - 89 (Roll no. 171). (text: CR H2037-2038) Floor H37100 2 House floor actions 171 https://clerk.house.gov/evs/2016/roll171.xml House 114 2016-04-27T21:28:55Z 2 2016-04-27 17:28:55 Passed/agreed to in House: On passage Passed by the Yeas and Nays: 325 - 89 (Roll no. 171).(text: CR H2037-2038) Floor 8000 9 Library of Congress 171 https://clerk.house.gov/evs/2016/roll171.xml House 114 2016-04-27T21:28:55Z 2 2016-04-27 16:51:03 DEBATE - Pursuant to the provisions of H.Res. 701, the House proceeded with 10 minutes of debate on the Waters amendment. Floor H8D000 2 House floor actions 2016-04-27 15:54:57 DEBATE - The House proceeded with one hour of debate on H.R. 4498. Floor H8D000 2 House floor actions 2016-04-27 15:53:59 Rule provides for consideration of H.R. 4498 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. A specified amendment is in order. Floor H8D000 2 House floor actions 2016-04-27 15:53:54 Considered under the provisions of rule H. Res. 701. (consideration: CR H2037-2046) Floor H30000 2 House floor actions 2016-04-27 15:53:34 Rule H. Res. 701 passed House. Floor H1L220 2 House floor actions 2016-04-26 19:18:47 Rules Committee Resolution H. Res. 701 Reported to House. Rule provides for consideration of H.R. 4498 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. A specified amendment is in order. Floor H1L210 2 House floor actions 2016-04-19 Placed on the Union Calendar, Calendar No. 389. Calendars H12410 2 House floor actions U00389 2016-04-19 Reported by the Committee on Financial Services. H. Rept. 114-509. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2016-04-19 Reported by the Committee on Financial Services. H. Rept. 114-509. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2016-03-02 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported by the Yeas and Nays: 44 - 13. Committee 2016-03-02 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2016-02-09 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2016-02-09 Introduced in House IntroReferral Intro-H 9 Library of Congress 2016-02-09 Introduced in House IntroReferral 1000 9 Library of Congress 2015-12-02 hsba16 Capital Markets Subcommittee 1 House committee actions Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Introduction and Referral. Committee C000266 Rep. Chabot, Steve [R-OH-1] STEVE CHABOT R OH 1 N S001191 Rep. Sinema, Kyrsten [D-AZ-9] Kyrsten Sinema D AZ 9 2016-02-09 True H001060 Rep. Hurt, Robert [R-VA-5] Robert Hurt R VA 5 2016-02-09 True T000473 Rep. Takai, Mark [D-HI-1] Mark Takai D HI 1 2016-02-09 True C001107 Rep. Curbelo, Carlos [R-FL-26] Carlos Curbelo R FL 26 2016-02-11 False W000812 Rep. Wagner, Ann [R-MO-2] Ann Wagner R MO 2 2016-04-14 False C001106 Rep. Costello, Ryan A. [R-PA-6] Ryan Costello R PA A. 6 2016-04-15 False B001282 Rep. Barr, Andy [R-KY-6] Andy Barr R KY 6 2016-04-18 False H001059 Rep. Hultgren, Randy [R-IL-14] Randy Hultgren R IL 14 2016-04-18 False D000620 Rep. Delaney, John K. [D-MD-6] John Delaney D MD K. 6 2016-04-18 False S000250 Rep. Sessions, Pete [R-TX-32] PETE SESSIONS R TX 32 2016-04-18 False P000598 Rep. Polis, Jared [D-CO-2] Jared Polis D CO 2 2016-04-18 False 2016-04-18T15:51:42Z H.R. 4498, Helping Angels Lead Our Startups Act https://www.cbo.gov/publication/51479 As ordered reported by the House Committee on Financial Services on March 2, 2016 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 Finance and Financial Sector 00 2016-02-09 Introduced in House 2016-04-25T14:31:16Z Helping Angels Lead Our Startups Act or the HALOS Act

This bill directs the Securities and Exchange Commission 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),
  • the sponsor does not receive compensation for the event which would require registration as a broker or dealer or as an investment advisor, 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).

This bill may only be construed as requiring the SEC to amend Regulation D with respect to presentations and communications, and not with respect to purchases or sales.

]]> 79 2016-04-19 Reported to House without amendment 2016-05-04T14:19:36Z (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Helping Angels Lead Our Startups Act or the HALOS Act

(Sec. 3) This bill 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),
  • the sponsor does not receive compensation for the event which would require registration as a broker or dealer or as an investment advisor, 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).

This bill may only be construed as requiring the SEC to amend Regulation D with respect to presentations and communications, and not with respect to purchases or sales.

]]> 81 2016-04-27 Passed House without amendment 2016-05-04T15:32:07Z (This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.)

Helping Angels Lead Our Startups Act or the HALOS Act

(Sec. 3) This bill 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),
  • the sponsor does not receive compensation for the event which would require registration as a broker or dealer or as an investment advisor, 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).

This bill may only be construed as requiring the SEC to amend Regulation D with respect to presentations and communications, and not with respect to purchases or sales.

]]> Helping Angels Lead Our Startups Act Display Title Helping Angels Lead Our Startups Act Official Title as Introduced To clarify the definition of general solicitation under Federal securities law. Introduced in House IH Short Titles as Reported to House HALOS Act H House Short Titles as Reported to House Helping Angels Lead Our Startups Act H House Short Titles as Introduced HALOS Act Short Titles as Passed House Helping Angels Lead Our Startups Act H House Short Titles as Passed House HALOS Act H House Short Titles as Introduced Helping Angels Lead Our Startups Act 982 114 HAMDT Amendment sought to stipulate that no sponsor of a demo day can collect finders' fees for connecting investors to companies; sought to limit the relief offered under the bill to actual operating companies in the "real economy"; and sought to codify the relief the SEC has already provided for angel investor groups as it relates to demo days. Amendment sought to stipulate that no sponsor of a demo day can collect finders' fees for connecting investors to companies; sought to limit the relief offered under the bill to actual operating companies in the "real economy"; and sought to codify the relief the SEC has already provided for angel investor groups as it relates to demo days. 2020-12-15T18:06:43Z 2016-04-27 On agreeing to the Waters, Maxine amendment (A001) Failed by the Yeas and Nays: 139 - 272 (Roll no. 170). 17:22:23 Roll no. 170 https://clerk.house.gov/evs/2016/roll170.xml W000187 Rep. Waters, Maxine [D-CA-43] MAXINE WATERS D CA 43 2016-04-27T04:00:00Z House of Representatives 114 HR House H 4498 Helping Angels Lead Our Startups Act 2023-01-11T13:31:40Z 9 2016-04-27 17:22:23 On agreeing to the Waters, Maxine amendment (A001) Failed by the Yeas and Nays: 139 - 272 (Roll no. 170). Floor H34111 2 House floor actions 170 House 114 2016-04-27T21:22:23Z 2 https://clerk.house.gov/evs/2016/roll170.xml 2016-04-27 16:59:51 The previous question was ordered on the amendment (A001) pursuant to the rule. (consideration: CR H2045) Floor H34180 2 House floor actions 2016-04-27 16:51:00 Amendment (A001) offered by Ms. Waters, Maxine. (consideration: CR H2044-2045; text: CR H2044) Floor H3A100 2 House floor actions 2016-04-27 17:22:23 House amendment not agreed to: On agreeing to the Waters, Maxine amendment (A001) Failed by the Yeas and Nays: 139 - 272 (Roll no. 170). Floor 73000 9 Library of Congress 170 House 114 2016-04-27T21:22:23Z 2 https://clerk.house.gov/evs/2016/roll170.xml 2016-04-27 17:22:23 Roll call votes on amendments in House Floor 75000 9 Library of Congress 170 House 114 2016-04-27T21:22:23Z 2 https://clerk.house.gov/evs/2016/roll170.xml 2016-04-27 17:22:23 Amendment failed by House: On agreeing to the Waters, Maxine amendment (A001) Failed by the Yeas and Nays: 139 - 272 (Roll no. 170). NotUsed 80000 9 Library of Congress 170 House 114 2016-04-27T21:22:23Z 2 https://clerk.house.gov/evs/2016/roll170.xml 2016-04-27 House amendment offered Floor 71000 9 Library of Congress 2016-04-27 16:51:00 House amendment offered/reported by : Amendment (A001) offered by Ms. Waters, Maxine.(consideration: CR H2044-2045; text: CR H2044) NotUsed 71500 9 Library of Congress Referred in Senate 2016-04-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr4498rfs/xml/BILLS-114hr4498rfs.xml Engrossed in House 2016-04-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr4498eh/xml/BILLS-114hr4498eh.xml Reported in House 2016-04-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr4498rh/xml/BILLS-114hr4498rh.xml Introduced in House 2016-02-09T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr4498ih/xml/BILLS-114hr4498ih.xml 2016-04-28 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.