SB3298: HALOS Act of 2023 Helping Angels Lead Our Startups Act of 2023
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to require the Securities and Exchange Commission to revise the rules of the Commission relating to general solicitation or general advertising, and for other purposes.
Plain-language summary
The HALOS Act of 2023 asks the Securities and Exchange Commission (the government agency that oversees stock markets and investments) to change its rules about how investment opportunities can be publicly advertised or promoted. Currently, certain types of investments—often called angel investments, where wealthy individuals fund early-stage startups—have strict limits on how they can be marketed to the public. This bill would loosen those restrictions. The bill is currently in the early stage, having just been introduced in Congress.
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SB3298: HALOS Act of 2023 Helping Angels Lead Our Startups Act of 2023