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<BillSummaries>
<item congress="113" measure-type="hr" measure-number="4915" measure-id="id113hr4915" originChamber="HOUSE" orig-publish-date="2014-06-19" update-date="2014-07-24">
<title>HALOS Act</title>
<summary summary-id="id113hr4915v00" currentChamber="HOUSE" update-date="2014-07-24">
<action-date>2014-06-19</action-date>
<action-desc>Introduced in House</action-desc>
<summary-text><![CDATA[<p>Helping Angels Lead Our Startups Act or the HALOS Act - 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:</p> <ul> <li>presentations or communications are made by or on behalf of an issuer,</li> <li>the advertising does not refer to any specific offering of securities by the issuer,</li> <li>the sponsor does not engage in certain activities (such as offering investment recommendations or advice to attendees), and</li> <li>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).</li> </ul>]]></summary-text>
</summary>
</item>
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<dc:language>EN</dc:language>
<dc:rights>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.</dc:rights>
<dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
<dc:description>This file contains bill summaries 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.</dc:description>
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