Bill > HR3352

This bill, known as the Helping Angels Lead Our Startups (HALOS) Act of 2025, aims to modify Securities and Exchange Commission (SEC) regulations to provide more flexibility for early-stage companies seeking investment. Specifically, the bill allows issuers (early-stage businesses) to make presentations about potential securities offerings at events sponsored by various organizations like universities, nonprofits, angel investor groups, and government entities, without being considered as engaging in general solicitation, which could otherwise restrict their fundraising efforts. The events must meet strict conditions, including: no advertising referencing specific securities offerings, sponsors cannot provide investment advice or receive compensation for introductions, and issuers can only share limited information about their potential offering, such as the type and amount of securities and intended use of proceeds. The bill defines an "angel investor group" as a collection of accredited investors with defined processes for making investment decisions, and ensures that simply attending such an event does not automatically establish a pre-existing relationship between an issuer and potential investors. The goal is to make it easier for startups to connect with potential investors while maintaining investor protection safeguards.

Business and Industry, Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/house-bill/3352/all-info