US HB1909 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Introduced on March 27 2019 - 25% progression, died in committee
Action: 2019-03-27 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 27 2019 - 25% progression, died in committee
Action: 2019-03-27 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Directs the Securities and Exchange Commission (SEC) to revise Regulation D, which exempts certain offerings from SEC registration requirements but prohibits general solicitation or general advertising with respect to such offerings. Specifically, this prohibition shall not apply to events with specified kinds of sponsors—including "angel investor groups" unconnected to broker-dealers or investment advisers—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 sponsor does not provide investment recommendation 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 amount of securities already subscribed for, and the intended use of proceeds from the offering.
Title
HALOS Act Helping Angels Lead Our Startups Act of 2019
Sponsors
Rep. Steve Chabot [R-OH] | Rep. Bradley Schneider [D-IL] | Rep. Dan Meuser [R-PA] | Rep. Amata Radewagen [R-AS] |
History
Date | Chamber | Action |
---|---|---|
2019-03-27 | House | Referred to the House Committee on Financial Services. |
2019-03-27 | House | Introduced in House |
Same As/Similar To
SB1063 (Related) 2019-04-08 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Subjects
Administrative law and regulatory procedures
Business investment and capital
Finance and financial sector
Financial services and investments
Higher education
Marketing and advertising
Securities
Securities and Exchange Commission (SEC)
Social work, volunteer service, charitable organizations
Business investment and capital
Finance and financial sector
Financial services and investments
Higher education
Marketing and advertising
Securities
Securities and Exchange Commission (SEC)
Social work, volunteer service, charitable organizations
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/1909/all-info |
Text | https://www.congress.gov/116/bills/hr1909/BILLS-116hr1909ih.pdf |