3.0.0 1909 2022-11-01T18:32:39Z 2022-11-01T18:32:39Z House HR 2019-03-27 116 [Congressional Record Volume 165, Number 53 (Wednesday, March 27, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CHABOT:H.R. 1909.Congress has the power to enact this legislation pursuantto the following:Clause 3 of section 8 of article I of the Constitution[Page H2886]]]> hsba00 Financial Services Committee House Standing Referred to 2019-03-27T14:02:45Z HALOS Act of 2019 116 1063 S 2019-04-08 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2019-03-27 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2019-03-27 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-03-27 Introduced in House IntroReferral 1000 9 Library of Congress C000266 Rep. Chabot, Steve [R-OH-1] STEVE CHABOT R OH 1 N S001190 Rep. Schneider, Bradley Scott [D-IL-10] Bradley Schneider D IL Scott 10 2019-03-27 True M001204 Rep. Meuser, Daniel [R-PA-9] Daniel Meuser R PA 9 2019-05-02 False R000600 Del. Radewagen, Aumua Amata Coleman [R-AS-At Large] Aumua Amata Radewagen R AS Coleman 0 2019-05-10 False 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 2019-03-27 Introduced in House 2019-04-12T14:46:55Z Helping Angels Lead Our Startups Act of 2019 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, 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.
]]> HALOS Act Display Title HALOS Act Official Title as Introduced To require the Securities and Exchange Commission to revise rules relating to general solicitation or general advertising to allow for presentations or other communication made by or on behalf of an issuer at certain events, and for other purposes. Introduced in House IH Short Title(s) as Introduced HALOS Act Introduced in House IH Short Title(s) as Introduced Helping Angels Lead Our Startups Act of 2019 Introduced in House IH Introduced in House 2019-03-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr1909ih/xml/BILLS-116hr1909ih.xml 2019-03-27 Referred to the House Committee on Financial Services. 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.