HALOS Act

Summary

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 2 December 2015

   Committee

   Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Introduction and Referral.

   Source: Committee

2. 9 February 2016

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

3. 9 February 2016

   Introduced

   Introduced in House

   Source: IntroReferral

4. 9 February 2016

   Introduced

   Introduced in House

   Source: IntroReferral

5. 2 March 2016

   Vote

   Ordered to be Reported by the Yeas and Nays: 44 - 13.

   Source: Committee

6. 2 March 2016

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

7. 19 April 2016

   Calendars

   Placed on the Union Calendar, Calendar No. 389.

   Source: Calendars

8. 19 April 2016

   Reported

   Reported by the Committee on Financial Services. H. Rept. 114-509.

   Source: Committee

9. 19 April 2016

   Reported

   Reported by the Committee on Financial Services. H. Rept. 114-509.

   Source: Committee

10. 26 April 2016

    Reported

    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.

    Source: Floor

11. 27 April 2016

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

12. 27 April 2016

    Vote

    On passage Passed by the Yeas and Nays: 325 - 89 (Roll no. 171). (text: CR H2037-2038)

    Source: Floor

13. 27 April 2016

    Vote

    Passed/agreed to in House: On passage Passed by the Yeas and Nays: 325 - 89 (Roll no. 171).(text: CR H2037-2038)

    Source: Floor

14. 27 April 2016

    Floor

    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.

    Source: Floor

15. 27 April 2016

    Floor

    Considered under the provisions of rule H. Res. 701. (consideration: CR H2037-2046)

    Source: Floor

16. 27 April 2016

    Passed

    Rule H. Res. 701 passed House.

    Source: Floor

17. 28 April 2016

    Introduced

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Referred in Senate · 28 April 2016 · Official file
• Engrossed in House · 27 April 2016 · Official file
• Reported in House · 19 April 2016 · Official file
• Introduced in House · 9 February 2016 · Official file

Documents

11 official files

• Referred in Senate (text)

  Referred in Senate · EN · 28 April 2016

  ViewDownloadOpen at official source

• Referred in Senate (PDF)

  Referred in Senate · EN · 28 April 2016

  ViewDownloadOpen at official source

• Engrossed in House (text)

  Engrossed in House · EN · 27 April 2016

  ViewDownloadOpen at official source

• Engrossed in House (PDF)

  Engrossed in House · EN · 27 April 2016

  ViewDownloadOpen at official source

• Passed House without amendment

  summary · EN · 27 April 2016

  Open at official source

• Reported in House (text)

  Reported in House · EN · 19 April 2016

  ViewDownloadOpen at official source

• Reported in House (PDF)

  Reported in House · EN · 19 April 2016

  ViewDownloadOpen at official source

• Reported to House without amendment

  summary · EN · 19 April 2016

  Open at official source

• Introduced in House (text)

  Introduced in House · EN · 9 February 2016

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 9 February 2016

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 9 February 2016

  Open at official source

Sponsors

• STEVE CHABOT · R · Sponsor
• Kyrsten Sinema · D · Sponsor
• Rep. Hurt, Robert [R-VA-5] · R · Sponsor
• Rep. Takai, Mark [D-HI-1] · D · Sponsor
• Carlos Curbelo · R · Cosponsor
• Ann Wagner · R · Cosponsor
• Ryan Costello · R · Cosponsor
• Andy Barr · R · Cosponsor
• Randy Hultgren · R · Cosponsor
• John Delaney · D · Cosponsor
• Pete Sessions · R · Cosponsor
• Jared Polis · D · Cosponsor
• · ssbk00 · Standing
• · hsba00 · Standing

Related records

• related to → HALOS Act
• related to → HALOS Act
• related to ← Providing for consideration of the bill (H.R. 4498) to clarify the definition of general solicitation under Federal securities law.
• related to ← Financial CHOICE Act of 2016