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Startup Funding Boost: New Rules for Investor Outreach

This act makes it easier for young companies to raise money from investors like angel groups. It changes rules about publicly advertising investment offers, allowing companies to present at specific events without breaking regulations. This means citizens looking to invest in startups might find more opportunities, and young companies have a better chance to grow and create jobs.
Key points
Companies can now present their investment offers at events sponsored by universities, non-profits, or angel investor groups without violating advertising rules.
Event sponsors cannot give investment advice or charge fees for introductions, aiming to protect investors.
Investors will receive a brief disclosure about the risks of investing in presenting companies, increasing their awareness.
The act aims to facilitate capital access for startups, potentially contributing to economic growth and innovation.
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Expired
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Additional Information
Print number: 117_HR_9451
Sponsor: Rep. Budd, Ted [R-NC-13]
Process start date: 2022-12-07
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

HALOS Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_9451.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-12-07.

What are the main provisions?

Key points include:

  • Companies can now present their investment offers at events sponsored by universities, non-profits, or angel investor groups without violating advertising rules.
  • Event sponsors cannot give investment advice or charge fees for introductions, aiming to protect investors.
  • Investors will receive a brief disclosure about the risks of investing in presenting companies, increasing their awareness.
  • The act aims to facilitate capital access for startups, potentially contributing to economic growth and innovation.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Budd, Ted [R-NC-13].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy