HALOS Act of 2025
Introduced May 13, 2025 by Rep. Michael Lawler
The House passed it. The Senate has to pass it before it can reach the President.
This bill directs the Securities and Exchange Commission (SEC) to exempt presentations and communications (e.g., product demonstrations) made at certain events from advertising and solicitation restrictions under Regulation D. (Regulation D exempts certain securities offerings from SEC registration requirements but prohibits general solicitation or general advertising with respect to such offerings.)
Under the bill, this prohibition does not apply to events where presentations or communications are made by or on behalf of an issuer, if
the advertising does not refer to any specific offering of securities by the issuer;
the event sponsor does not provide investment recommendations or advice to attendees, engage in investment negotiations with attendees, charge certain fees, or receive certain compensation; and
Read the full summary on Congress.govSummary by the Congressional Research Service.
No recorded roll-call vote on this bill — it may have passed by voice vote or unanimous consent, which don't record individual votes.
- Jun 24, 2025Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Jun 23, 2025Motion to reconsider laid on the table Agreed to without objection.
- Jun 23, 2025On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (consideration: CR H2866-2867)
- Jun 23, 2025Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (consideration: CR H2866-2867)
- Jun 23, 2025DEBATE - The House proceeded with forty minutes of debate on H.R. 3352.
- Jun 23, 2025Considered under suspension of the rules. (consideration: CR H2866-2868)
- Jun 23, 2025Mrs. Wagner moved to suspend the rules and pass the bill, as amended.
- Jun 3, 2025Placed on the Union Calendar, Calendar No. 93.
- Jun 3, 2025Reported (Amended) by the Committee on Financial Services. H. Rept. 119-123.
- May 20, 2025Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 1.
- May 20, 2025Committee Consideration and Mark-up Session Held
- May 13, 2025Referred to the House Committee on Financial Services.
- May 13, 2025Introduced in House