Congress 114 - HR 4498 - HALOS Act

Sponsor

Cosponsors

Topics

Administrative law and regulatory procedures Business investment and capital Finance and Financial Sector Financial services and investments Higher education Marketing and advertising Securities Securities and Exchange Commission (SEC) Social work, volunteer service, charitable organizations

Full Text

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Votes

Summary

(This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.)

Helping Angels Lead Our Startups Act or the HALOS Act

(Sec. 3) This bill directs the Securities and Exchange Commission (SEC) 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.

Actions

Apr 28, 2016

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 27, 2016

Motion to reconsider laid on the table Agreed to without objection.
Apr 27, 2016

On passage Passed by the Yeas and Nays: 325 - 89 (Roll no. 171). (text: CR H2037-2038)
Apr 27, 2016

Passed/agreed to in House: On passage Passed by the Yeas and Nays: 325 - 89 (Roll no. 171).(text: CR H2037-2038)
Apr 27, 2016

DEBATE - Pursuant to the provisions of H.Res. 701, the House proceeded with 10 minutes of debate on the Waters amendment.
Apr 27, 2016

DEBATE - The House proceeded with one hour of debate on H.R. 4498.
Apr 27, 2016

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.
Apr 27, 2016

Considered under the provisions of rule H. Res. 701. (consideration: CR H2037-2046)
Apr 27, 2016

Rule H. Res. 701 passed House.
Apr 26, 2016

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.
Apr 19, 2016

Placed on the Union Calendar, Calendar No. 389.
Apr 19, 2016

Reported by the Committee on Financial Services. H. Rept. 114-509.
Mar 2, 2016

Ordered to be Reported by the Yeas and Nays: 44 - 13.
Mar 2, 2016

Committee Consideration and Mark-up Session Held.
Feb 9, 2016

Referred to the House Committee on Financial Services.
Feb 9, 2016

Introduced in House
Dec 2, 2015

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

Amendments

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