HALOS Act of 2023

The HALOS Act of 2023 aims to make it easier for early-stage startups to connect with potential investors by relaxing certain federal advertising restrictions. Under current law, small businesses are often restricted from discussing their investment needs at public events like "demo days" or university pitch competitions without triggering complex and costly registration requirements.

This bill would allow entrepreneurs to present their business plans and mention the amount of funding they are seeking at events sponsored by government agencies, universities, or nonprofit angel investor groups. For everyday citizens and entrepreneurs, this change is intended to reduce legal hurdles for new businesses, helping them secure the initial capital needed to grow and create jobs without the burden of extensive regulatory paperwork.