Political Quotes

“I thank my colleagues on the other side of the aisle for working with me, yet again, on this bipartisan bill to help entrepreneurs and startup companies create jobs and grow our economy. American startup businesses are growing both in number and diversity. Entrepreneurs are finding new and better ways to bring together talent, innovation, and investment capital in an increasingly competitive small business environment. The HALOS Act clarifies SEC regulations to ensure small businesses may participate in educational demo days without the burden of having to verify that attendees are accredited investors. Demo days provide invaluable opportunities for entrepreneurs to meet and exchange ideas with students, professors, business professionals, and potential future investors. The HALOS Act creates a clear path for startups to participate in demo days sponsored by a government entity, nonprofit, angel investor group, venture association, or other entity permitted by the SEC. Specifically, the act clarifies the definition of general solicitation to exempt communications and presentations at these events where advertising for the event does not make specific investment offerings and where no specific securities offering information is communicated at the event.…”