1. Short title This Act may be cited as the Helping Angels Lead Our Startups Act of 2023 or the HALOS Act of 2023 . 2. Helping angels lead our startups (a) Definitions In this section, and for the purposes of the revisions required under subsection (b)— (1) the term angel investor group means any group that— (A) is composed of accredited investors who are interested in investing personal capital in early-stage companies; (B) holds regular meetings and has defined processes and procedures for making investment decisions, either individually or among the membership of the group as a whole; and (C) is neither associated nor affiliated with brokers, dealers, or investment advisers; and (2) the term issuer means an issuer that— (A) is a business; (B) is not in bankruptcy or receivership; and (C) is not a blank check, blind pool, or shell company. (b) Clarification of general solicitation (1) In general Not later than 180 days after the date of enactment of this Act, the Securities and Exchange Commission shall revise sections 230.500 through 230.508 of title 17, Code of Federal Regulations (referred to in this subsection as Regulation D ), to require that, in carrying out the prohibition against general solicitation or general advertising under section 230.502(c) of title 17, Code of Federal Regulations, the prohibition shall not apply to a presentation or other communication made by or on behalf of an issuer at an event— (A) sponsored by— (i) the United States; (ii) any territory of the United States; (iii) the District of Columbia; (iv) any State; (v) a political subdivision of any State or territory; (vi) an agency or public instrumentality of any entity described in clauses (i) through (v); (vii) a college, university, or other institution of higher education; (viii) a nonprofit organization; (ix) an angel investor group; (x) a venture forum, venture capital association, or trade association