HALOS Act of 2023

HR 1553 (HALOS Act of 2023) updates securities rules to allow early-stage companies to present funding opportunities at specific events without triggering "general solicitation" restrictions under federal law. It specifically exempts presentations at events sponsored by universities, angel investor groups, nonprofits, or venture associations, provided no specific offering details (like pricing or terms) are shared and sponsors don’t provide investment advice or charge fees. This directly affects startups seeking seed funding and angel investor groups organizing such events. The bill requires the SEC to revise Regulation D within 6 months to implement these changes, removing a barrier for startups to connect with investors at organized gatherings.