The HALOS Act of 2023, short for Helping Angels Lead Our Startups Act of 2023, aims to facilitate capital formation for startups by exempting certain events known as "demo days" from securities registration requirements. This bill intends to support early-stage companies by allowing them to present their business ideas to potential investors without facing regulatory burdens. By providing clarity and easing restrictions on these events, the HALOS Act seeks to encourage investment in innovative ventures and promote economic growth in the startup ecosystem.
2023-03-10: Introduced in House
2023-03-10: Referred to the House Committee on Financial Services.
2023-05-24: Committee Consideration and Mark-up Session Held
2023-05-24: Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 35 - 12.
2023-12-12: Reported (Amended) by the Committee on Financial Services. H. Rept. 118-310.
2023-12-12: Placed on the Union Calendar, Calendar No. 250.
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