US SB588 | 2017-2018 | 115th Congress
Status
Sponsorship: Bipartisan Bill
Status: Introduced on March 9 2017 - 25% progression, died in chamber
Action: 2018-06-26 - Committee on Banking, Housing, and Urban Affairs. Hearings held.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 9 2017 - 25% progression, died in chamber
Action: 2018-06-26 - Committee on Banking, Housing, and Urban Affairs. Hearings held.
Text: Latest bill text (Introduced) [PDF]
Summary
HALOS Act Helping Angels Lead Our Startups 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.
Title
HALOS Act Helping Angels Lead Our Startups Act
Sponsors
| Sen. Christopher Murphy [D-CT] | Sen. John Thune [R-SD] | Sen. Brian Schatz [D-HI] | Sen. Pat Toomey [R-PA] |
| Sen. Heidi Heitkamp [D-ND] | Sen. Thom Tillis [R-NC] | Sen. Bob Corker [R-TN] |
History
| Date | Chamber | Action |
|---|---|---|
| 2018-06-26 | Senate | Committee on Banking, Housing, and Urban Affairs. Hearings held. |
| 2017-03-09 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Same As/Similar To
HB79 (Related) 2017-01-11 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Subjects
Administrative law and regulatory procedures
Business investment and capital
Finance and financial sector
Financial services and investments
Marketing and advertising
Securities
Securities and Exchange Commission (SEC)
Business investment and capital
Finance and financial sector
Financial services and investments
Marketing and advertising
Securities
Securities and Exchange Commission (SEC)
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/115th-congress/senate-bill/588/all-info |
| Text | https://www.congress.gov/115/bills/s588/BILLS-115s588is.pdf |
