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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (5)

Short Titles

Short Titles - House of Representatives

Short Titles as Passed House

HALOS Act
Helping Angels Lead Our Startups Act

Short Titles as Introduced

HALOS Act
Helping Angels Lead Our Startups Act

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To clarify the definition of general solicitation under Federal securities law.


Actions Overview (2)

Date
01/10/2017 Passed/agreed to in House: On passage Passed by the Yeas and Nays: 344 - 73 (Roll no. 31).
01/03/2017 Introduced in House

All Actions (27)

Date Chamber
01/11/2017 Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
01/10/2017-5:57pm House Motion to reconsider laid on the table Agreed to without objection.
01/10/2017-5:57pm House On passage Passed by the Yeas and Nays: 344 - 73 (Roll no. 31).
01/10/2017-5:49pm House The previous question was ordered pursuant to the rule.
01/10/2017-5:48pm House The House rose from the Committee of the Whole House on the state of the Union to report H.R. 79.
01/10/2017-5:48pm House H.Amdt.15 On agreeing to the Clay amendment Failed by recorded vote: 163 - 253 (Roll no. 30).
01/10/2017-5:43pm House H.Amdt.14 On agreeing to the Velazquez amendment (A001) Failed by recorded vote: 167 - 249 (Roll no. 29).
01/10/2017-5:20pm House The House resolved into Committee of the Whole House on the state of the Union for further consideration.
01/10/2017-5:20pm House Considered as unfinished business. (consideration: CR H280-283)
01/10/2017-3:16pm House Committee of the Whole House on the state of the Union rises leaving H.R. 79 as unfinished business.
01/10/2017-3:16pm House On motion that the Committee rise Agreed to by voice vote.
01/10/2017-3:15pm House Mr. Huizenga moved that the Committee rise.
01/10/2017-3:14pm House POSTPONED PROCEEDINGS - At the conclusion of debate on the Clay amendment, the Chair put the question on adoption of the amendment and by voice vote announced that the noes had prevailed. Mr. Clay demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.
01/10/2017-3:07pm House DEBATE - Pursuant to the provisions of H.Res. 33, the Committee of the Whole proceeded with 10 minutes of debate on the Clay Part B amendment No. 2.
01/10/2017-3:07pm House H.Amdt.15 Amendment (A002) offered by Mr. Clay. (consideration: CR H265-266, H281-282; text: CR H265)
01/10/2017-3:07pm House POSTPONED PROCEEDINGS - At the conclusion of debate on the Velazquez amendment, the Chair put the question on adoption of the amendment and by voice vote announced that the noes had prevailed. Ms. Velazquez demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.
01/10/2017-2:57pm House DEBATE - Pursuant to the provisions of H.Res. 33, the Committee of the Whole proceeded with 10 minutes of debate on the Velazquez Part B amendment No. 1.
01/10/2017-2:57pm House H.Amdt.14 Amendment (A001) offered by Ms. Velazquez. (consideration: CR H264-265, H280-281; text: CR H264)
01/10/2017-2:09pm House GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 79.
01/10/2017-2:08pm House The Speaker designated the Honorable Mike Bost to act as Chairman of the Committee.
01/10/2017-2:08pm House House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 33 and Rule XVIII.
01/10/2017-2:07pm House The resolution provides for both bills to be considered under a structured rule for one hour of general debate. The resolution also provides one motion to recommit with or without instructions on both H.R. 5 and H.R. 79.
01/10/2017-2:07pm House Considered under the provisions of rule H. Res. 33. (consideration: CR H259-266; text of measure as reported in House: CR H264)
01/10/2017-1:58pm House Rule H. Res. 33 passed House.
01/09/2017-7:12pm House Rules Committee Resolution H. Res. 33 Reported to House. The resolution provides for both bills to be considered under a structured rule for one hour of general debate. The resolution also provides one motion to recommit with or without instructions on both H.R. 5 and H.R. 79.
01/03/2017 House Referred to the House Committee on Financial Services.
01/03/2017 House Introduced in House

Committees (2)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Financial Services01/03/2017 Referred to
Senate Banking, Housing, and Urban Affairs01/11/2017 Referred to

Related Bills (5)

A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-congress measures.

Subjects (9)

  • 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

Latest Summary (2)

There are 2 summaries for H.R.79. View summaries

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.