HALOS Act of 2025

Key Points

• This bill helps new companies find money to grow by changing federal rules about how they talk to investors. Right now, startups have to be very careful about where and how they ask for funding. This law would let them give presentations at specific events without facing legal penalties for advertising to the public.
• The rules apply to events hosted by trusted groups like colleges, local governments, and nonprofit organizations. These events, often called demo days, allow entrepreneurs to show off their ideas to groups of angel investors who provide the early cash needed to start a business.
• To keep things fair, the bill sets strict limits on the event organizers. They are not allowed to give specific investment advice or take a cut of any deals made at the event. They must also give every attendee a simple one page paper that explains the risks of putting money into a brand new company.
• Startups can only share basic information during these public talks. They can say they are looking for investors, how much money they need, and what they plan to do with that money. This helps them find the right partners while preventing them from making misleading claims to people who might not understand the risks.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.