Bill > S3342

This bill (the HALOS Act of 2025) requires the Securities and Exchange Commission (SEC) to modify its regulations to allow startup companies to make presentations about potential securities offerings at certain sponsored events without those presentations being considered "general solicitation" that could jeopardize their fundraising efforts. Specifically, the bill defines an acceptable event as one sponsored by entities like government agencies, universities, nonprofit organizations, angel investor groups, or incubators, where the event sponsor does not provide investment advice, charge substantial fees, or receive compensation for investor introductions. The presentation can only provide limited information about the potential securities offering, such as the type and amount of securities and intended use of proceeds, without detailed investment specifics. The bill aims to help early-stage companies more easily connect with potential investors by creating a safe harbor for fundraising communications at professional and educational events. The law would prevent event attendance alone from establishing a pre-existing relationship between an issuer and potential investors, and it applies only to legitimate business entities that are not in bankruptcy or structured as investment vehicles.

Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/3342/all-info