1. Short title This Act may be cited as the Helping Angels Lead Our Startups Act or the HALOS Act . 2. Definition In this Act, the term angel investor group means a group that— (1) is composed of accredited investors interested in investing in personal capital in early-stage companies; (2) holds regular meetings; (3) with respect to either the individual investors that constitute the group or the group as a whole, has defined processes and procedures for making investment decisions; and (4) is not associated with a broker, a dealer, or an investment adviser. 3. Clarification of general solicitation (a) In general Not later than 180 days after the date of enactment of this Act, the Securities and Exchange Commission shall amend sections 230.500 through 230.508 of title 17, Code of Federal Regulations, so that the prohibition against general solicitation and general advertising under section 230.502(c) of title 17, Code of Federal Regulations, shall not apply with respect to a presentation or another form of communication that is made— (1) by or on behalf of an issuer; and (2) at an event— (A) that is sponsored by— (i) the United States; (ii) a State; (iii) a political subdivision of a State; (iv) an agency or public instrumentality of an entity described in clauses (i) through (iii); (v) a college, university, or other institution of higher learning; (vi) a nonprofit organization; (vii) an angel investor group; (viii) a venture forum, venture capital association, or trade association; or (ix) any other group or person that the Commission may determine, by rule; (B) where no advertising for the event references any specific offering of securities by the issuer; (C) the sponsor of which does not— (i) make investment recommendations or provide investment advice to the attendees of the event; (ii) engage in an active role with respect to investment negotiations between the issuer and any investors attending the event; (iii) charge attendees of the event any fees other than administrative fees