H.R.79 - HALOS Act115th Congress (2017-2018) |
Sponsor: | Rep. Chabot, Steve [R-OH-1] (Introduced 01/03/2017) |
---|---|
Committees: | House - Financial Services |
Latest Action: | 01/10/2017 Motion to reconsider laid on the table Agreed to without objection. (All Actions) |
Roll Call Votes: | There has been 1 roll call vote |
Tracker:
This bill has the status Passed House
Here are the steps for Status of Legislation:
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Subject — Policy Area:
- Finance and Financial Sector
- View subjects
-
Summary (2)
-
Text (1)
-
Actions (25)
-
Titles (5)
-
Amendments (2)
-
Cosponsors (15)
-
Committees (1)
-
Related Bills (1)
Summary: H.R.79 — 115th Congress (2017-2018)All Bill Information (Except Text)
Shown Here:
Passed House without amendment (01/10/2017)
(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 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, but:
- 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.