H.R. 79 - 115th Congress (2017-2018) - HALOS Act

This bill 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, but:

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.

Text (3)

Referred in Senate

January 11, 2017

Engrossed in House

January 10, 2017

Introduced in House

January 3, 2017

Amendments (2)

Jan 10, 2017

Not Agreed to in House

Sponsorship

House Amendment 15

Amendment sought to limit the types of fees "demo day" sponsors can collect and require an issuer to be a real business.

Active

Jan 10, 2017

Not Agreed to in House

Sponsorship

House Amendment 14

Amendment sought to require the event sponsor to provide attendees with a written disclosure outlining the nature of the event and the risks of investing in the securities for sale. Also, it would clarify that attendance at an event does not in itself establish a pre-existing relationship for purposes of Rule 506(b).

Active

Actions (24)

Show Only Major Actions

01/11/2017

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

01/10/2017

Motion to reconsider laid on the table Agreed to without objection.

01/10/2017

On passage Passed by the Yeas and Nays: 344 - 73 (Roll no. 31).

01/10/2017

Passed/agreed to in House: On passage Passed by the Yeas and Nays: 344 - 73 (Roll no. 31).

01/10/2017

The previous question was ordered pursuant to the rule.

01/10/2017

The House rose from the Committee of the Whole House on the state of the Union to report H.R. 79.

01/10/2017

The House resolved into Committee of the Whole House on the state of the Union for further consideration.

01/10/2017

Considered as unfinished business. (consideration: CR H280-283)

01/10/2017

Committee of the Whole House on the state of the Union rises leaving H.R. 79 as unfinished business.

01/10/2017

On motion that the Committee rise Agreed to by voice vote.

01/10/2017

Mr. Huizenga moved that the Committee rise.

01/10/2017

POSTPONED PROCEEDINGS - At the conclusion of debate on the Clay amendment, the Chair put the question on adoption of the amendment and by voice vote announced that the noes had prevailed. Mr. Clay demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.

01/10/2017

DEBATE - Pursuant to the provisions of H.Res. 33, the Committee of the Whole proceeded with 10 minutes of debate on the Clay Part B amendment No. 2.

01/10/2017

POSTPONED PROCEEDINGS - At the conclusion of debate on the Velazquez amendment, the Chair put the question on adoption of the amendment and by voice vote announced that the noes had prevailed. Ms. Velazquez demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.

01/10/2017

DEBATE - Pursuant to the provisions of H.Res. 33, the Committee of the Whole proceeded with 10 minutes of debate on the Velazquez Part B amendment No. 1.

01/10/2017

GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 79.

01/10/2017

The Speaker designated the Honorable Mike Bost to act as Chairman of the Committee.

01/10/2017

House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 33 and Rule XVIII.

01/10/2017

The resolution provides for both bills to be considered under a structured rule for one hour of general debate. The resolution also provides one motion to recommit with or without instructions on both H.R. 5 and H.R. 79.

01/10/2017

Considered under the provisions of rule H. Res. 33. (consideration: CR H259-266; text of measure as reported in House: CR H264)

01/10/2017

Rule H. Res. 33 passed House.

01/09/2017

Rules Committee Resolution H. Res. 33 Reported to House. The resolution provides for both bills to be considered under a structured rule for one hour of general debate. The resolution also provides one motion to recommit with or without instructions on both H.R. 5 and H.R. 79.

01/03/2017

Referred to the House Committee on Financial Services.

01/03/2017

Introduced in House

Public Record

Record Updated

Jan 11, 2023 1:34:13 PM