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Easier Capital Raising: Startups Can Pitch Investors at Sponsored Events.

This law aims to simplify how small businesses and startups raise money from investors. It allows companies to present their business plans at specific sponsored events (like those hosted by universities or angel investor groups) without violating strict rules against publicly advertising securities offerings. This change helps entrepreneurs connect with potential funders more easily, potentially boosting the creation and growth of new companies.
Key points
Startups can now present their funding needs at sponsored events without the presentation being classified as prohibited general solicitation.
The events must meet strict criteria, including limitations on the sponsor's compensation and involvement in investment negotiations.
The goal is to increase access to capital for early-stage companies, supporting innovation and economic development.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_S_3298
Sponsor: Sen. Murphy, Christopher [D-CT]
Process start date: 2023-11-14
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

HALOS Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_3298.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-11-14.

What are the main provisions?

Key points include:

  • Startups can now present their funding needs at sponsored events without the presentation being classified as prohibited general solicitation.
  • The events must meet strict criteria, including limitations on the sponsor's compensation and involvement in investment negotiations.
  • The goal is to increase access to capital for early-stage companies, supporting innovation and economic development.
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 Sen. Murphy, Christopher [D-CT].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Economy