Sponsored by Michael Lawler (R)
HALOS Act of 2025
Lets startups present at angel investor events without triggering SEC advertising restrictions.
Tradeoff
Allows certain fundraising presentations at angel investor group events to proceed without SEC registration. Requires the SEC to ensure sponsoring groups don't steer investments or profit from introductions.
What's in it
Passed the House by on June 23, 2025 — sitting in the Senate.
House
Introduced
(May 13, 2025)
House
Committee on Financial Services(May 13, 2025)
House
The Committee on Financial Services voted to send it to the floor
Reported 50 - 1(May 20, 2025)
Committee report H. Rept. 119-123.
House
Passage of the bill
Passed by (Jun 23, 2025)
No individual votes were recorded.
Senate
Received from the House
on Banking, Housing, and Urban Affairs(Jun 24, 2025)
- Josh Gottheimer (D-NJ)
- Maria Elvira Salazar (R-FL)