HR 1553
HALOS Act of 2023
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- Passed House
- Passed Senate
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- Became Law
Bill overview
The Helping Angels Lead Our Startups Act of 2023 (HALOS Act) aims to make it easier for startups to raise capital by allowing certain events, such as those sponsored by angel investor groups, to include presentations or communications about potential investments without triggering strict SEC regulations. The bill directs the Securities and Exchange Commission to revise Regulation D to permit these types of events, provided specific conditions are met, including limitations on investment advice and disclosures. It also prohibits the SEC from imposing additional filing requirements related to general solicitation or advertising for Regulation D securities.
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Cosponsors
Wiley Nickel
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