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H.R. 4498: Helping Angels Lead Our Startups Act

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H.R. 4498: Helping Angels Lead Our Startups Act

114th Congress · introduced 2016-02-09 · Finance and Financial Sector · Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2016-02-09 · official record
  2. Who proposed it: Rep. Chabot, Steve [R-OH-1] · what a sponsor is
  3. What happened next: 2 recorded votes in our records. Latest: House roll call 170 (2016): On Agreeing to the Amendment, HR4498 (2016-04-27), Failed. See all
  4. Where it stands now: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Helping Angels Lead Our Startups Act

Plain summary

(This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.) Helping Angels Lead Our Startups Act or the HALOS Act (Sec. 3) This bill directs the Securities and Exchange Commission (SEC) to amend Regulation D (governing the limited offer and sale of securities without registration under the Securities Act of 1933) to make the prohibition against general solicitation or general advertising inapplicable to events with specified kinds of sponsors (including angel investor groups not connected to broker-dealers or investment advisers) where: presentations or communications are made by or on behalf of an issuer, the advertising does not refer to any specific offering of securities by the issuer, the sponsor does not engage in certain activities (such as offering investment recommendations or advice to attendees), the sponsor does not receive compensation for the event which would require registration as a broker or dealer or as an investment advisor, and no specific information regarding a securities offering is communicated (other than that the issuer is in the process of offering or planning to offer securities, including the type and amount of securities being offered). This bill may only be construed as requiring the SEC to amend Regulation D with respect to presentations and communications, and not with respect to purchases or sales.

Congressional Research Service summary (Passed House without amendment), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Helping Angels Lead Our Startups Act

Source: Congressional Research Service summary (Passed House without amendment)

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The strongest published arguments

Arguments for (supporters)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Chabot, Steve [R-OH-1] · 11 cosponsors

Cost estimate: CBO cost estimate: H.R. 4498, Helping Angels Lead Our Startups Act (2016-04-18)

Cosponsors on this site

Ann Wagner (R-MO), Andy Barr (R-KY), Pete Sessions (R-TX)

Recorded votes

Words on this page, explained (3)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Rulemaking
The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.
Securities
Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong114-hr4498 · catalog fed-us-congress-bills-cong114 · updated 2026-11-15 by psicol fed-bills-cong114