HALOS Act of 2025

Latest action Jun 24, 2025

Helping Angels Lead Our Startups Act of 2025 or the HALOS Act of 2025 This bill directs the Securities and Exchange Commission (SEC) to exempt presentations and communications (e.g., product demonstrations) made at certain events from advertising and solicitation restrictions under Regulation D. (Regulation D exempts certain securities offerings from SEC registration requirements but prohibits general solicitation or general advertising with respect to such offerings.) Under the bill, this prohibition does not apply to events where presentations or communications are made by or on behalf of an issuer, if the advertising does not refer to any specific offering of securities by the issuer; the event sponsor does not provide investment recommendations 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 unsubscribed amount, and the intended use of proceeds from the offering. Exempt events must involve participation by more than one issuer and must be sponsored by specified entity types, including angel investor groups unconnected to broker dealers or investment advisors. Such events generally may not be held in facilities owned or operated by a religious organization. If such an event is virtual, online participation must be limited to investors associated with the sponsor organization, accredited investors, or individuals invited to the event based on industry or investment experience.

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Where it stands

Passed one of the two chambers; it still needs the other.

Introduced
In committee
Up for a vote
Passed one chamber
Passed
Enacted

Committee

House Committee on Financial Services · U.S. House of Representatives

S. 3342HALOS Act of 2025Related bill

As identified by Congress.gov.

Cosponsors

Josh Gottheimer and Maria Elvira Salazar

Democratic1
Republican1

Full history

Jun 24, 2025
In committee
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
U.S. House
Jun 24, 2025
Sent to the executive
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
U.S. Senate
Jun 23, 2025
Considered Under Suspension of the rules. (consideration: cr H2866-2868)
Considered under suspension of the rules. (consideration: CR H2866-2868)
Jun 23, 2025
Considered Under Suspension of the rules. (consideration: cr H2866-2868)
Considered under suspension of the rules. (consideration: CR H2866-2868)
Jun 23, 2025
Considered Under Suspension of the rules. (consideration: cr H2866-2868)
Considered under suspension of the rules. (consideration: CR H2866-2868)

Show full history (20 earlier events)

Jun 23, 2025
Debate - the House Proceeded With Forty Minutes of Debate on H.R. 3352.
DEBATE - The House proceeded with forty minutes of debate on H.R. 3352.
U.S. House of Representatives
Jun 23, 2025
Passed a chamber
Motion to reconsider laid on the table Agreed to without objection.
Jun 23, 2025
Passed a chamber
Motion to reconsider laid on the table Agreed to without objection.
Jun 23, 2025
Passed a chamber
Motion to reconsider laid on the table Agreed to without objection.
Jun 23, 2025
Passed a chamber
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (consideration: CR H2866-2867)
U.S. House of Representatives
Jun 3, 2025
Placed on the Union Calendar, Calendar No. 93.
Jun 3, 2025
Placed on the Union Calendar, Calendar No. 93.
Jun 3, 2025
Placed on the Union Calendar, Calendar No. 93.
Jun 3, 2025
Reported out of committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-123.
Jun 3, 2025
Reported out of committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-123.
Jun 3, 2025
Reported out of committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-123.
May 20, 2025
Committee vote
Committee Consideration and Mark-up Session Held
May 20, 2025
Committee vote
Committee Consideration and Mark-up Session Held
May 20, 2025
Committee vote
Committee Consideration and Mark-up Session Held
May 20, 2025
Reported out of committee
Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 1.
May 20, 2025
Reported out of committee
Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 1.
May 20, 2025
Reported out of committee
Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 1.
May 13, 2025
Introduced
Introduced in House
U.S. House of Representatives
May 13, 2025
Introduced
Introduced in U.S. House
U.S. House
May 13, 2025
Referred to committee
Referred to the House Committee on Financial Services.
U.S. House of Representatives

About this record

Summary: The summary is written by the Congressional Research Service. For more, see How we handle summaries.
Cosponsors: The cosponsors are the ones listed on Congress.gov, shown A to Z.
Party colors: Parties are shown in the same neutral colors.
Source: From Congress.gov and official rosters. This record was last updated Aug 2, 2026. About our data

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