This Week in Entrepreneurship Policy: HALOS Act Hits House Floor

Congress will likely vote on the Helping Angels Lead Our Startups (HALOS) Act this Tuesday. The bill, sponsored by Rep. Steve Chabot, chairman of the Small Business Committee, attempts to make it simpler for startups to raise capital at public pitch events for groups of angel investors. 

The HALOS Act would require the Securities and Exchange Commission to carve-out an exemption from the prohibition on general solicitation at certain types of pitch events. It is cosponsored by seven Republicans and four Democrats and made it through the House Financial Services Committee by a vote of 44-13 last month.

In the Senate, the Small Business and Entrepreneurship Committee will explore reform of the Regulatory Flexibility Act that requires federal agencies to review regulations for their impact on small businesses and consider less burdensome alternatives.

Other legislation and topics covered during this week include: business tax reform, the Developing Innovation and Growing the Internet of Things (DIGIT) Act, FCC reauthorization and more. 


H.R. 4498 – Help Angels Lead Our Startups (HALOS) Act
House Committee on Rules
H-313 U.S. Capitol Building
Tuesday, April 26
5:00 pm 

S is for Savings: Pro-Growth Benefits of Employee-Owned S Corporations
House Committee on Small Business
2360 Rayburn HOB
Wednesday, April 27
11:00 am 

How Can the U.S. Make Development Banks More Accountable?
House Committee on Financial Services
Subcommittee on Monetary Policy and Trade
2128 Rayburn HOB
Wednesday, April 27
10:00 am 


Navigating Business Tax Reform
Senate Committee on Finance
215 Dirksen Senate Office Building
Tuesday, April 26
10:00 am 

Drowning in Regulations: The Waters of the U.S. Rule and the Case for Reforming the RFA
Senate Committee on Small Business and Entrepreneurship
28A Russell Senate Office Building
Wednesday, April 27
10:00 am 

Counterfeits and Their Impact on Consumer Health and Safety
Senate Committee on the Judiciary
226 Dirksen Senate Office Building
Wednesday, April 27
10:00 am 

Executive Session: FCC Reauthorization Bill, Six Other Bills and Nomination
Senate Committee on Commerce, Science and Transportation
253 Russell Senate Office Building
Wednesday, April 27
10:00 am


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