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

Titles (3)

Short Titles

Short Titles - Senate

Short Titles as Introduced

Helping Angels Lead Our Startups Act

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to require the Securities and Exchange Commission to clarify what constitutes a general solicitation under the Federal securities laws, and for other purposes.

Actions Overview (1)

Date Actions Overview
03/09/2017Introduced in Senate

All Actions (2)

Date All Actions
06/26/2018Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-354.
03/09/2017Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Action By: Senate

Cosponsors (6)

* = Original cosponsor
CosponsorDate Cosponsored
Sen. Thune, John [R-SD]* 03/09/2017
Sen. Schatz, Brian [D-HI]* 03/09/2017
Sen. Toomey, Pat [R-PA]* 03/09/2017
Sen. Heitkamp, Heidi [D-ND]* 03/09/2017
Sen. Tillis, Thom [R-NC] 03/27/2017
Sen. Corker, Bob [R-TN] 09/04/2018

Committees (1)

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
Senate Banking, Housing, and Urban Affairs03/09/2017 Referred to
06/26/2018 Hearings by

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Latest Summary (1)

There is one summary for S.588. View summaries

Shown Here:
Introduced in Senate (03/09/2017)

Helping Angels Lead Our Startups Act 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 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.