Senators Ricketts and Gallego introduced the HALOS Act to simplify startup funding through investor events, enhancing innovation.
Quiver AI Summary
Senators Ricketts and Gallego introduce HALOS Act: U.S. Senators Pete Ricketts (R-NE) and Ruben Gallego (D-AZ) have announced the introduction of the Helping Angels Lead Our Startups (HALOS) Act, aimed at facilitating connections between entrepreneurs and investors. The Act is designed to enhance innovation by reducing bureaucratic hurdles at events like demo days.
Statements from the Senators: Senator Ricketts stated, "Startups drive American innovation," emphasizing the need to cut red tape in order to nurture promising companies. Senator Gallego echoed that outdated rules complicate entrepreneurial presentations, further advocating for clearer regulations to support business growth.
Support and Provisions: The Act has backing from the National Venture Capital Association, which notes that it would simplify regulations surrounding demo days. Key provisions include clarifying SEC rules to protect startups through better-defined "demo days," thus promoting capital access and fostering a robust startup ecosystem.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Pete Ricketts Fundraising
Pete Ricketts recently disclosed $548.1K of fundraising in a Q3 FEC disclosure filed on October 15th, 2025. This was the 136th most from all Q3 reports we have seen this year. 44.5% came from individual donors.
Ricketts disclosed $1.2M of spending. This was the 28th most from all Q3 reports we have seen from politicians so far this year.
Ricketts disclosed $1.2M of cash on hand at the end of the filing period. This was the 298th most from all Q3 reports we have seen this year.
You can see the disclosure here, or track Pete Ricketts's fundraising on Quiver Quantitative.
Pete Ricketts Net Worth
Quiver Quantitative estimates that Pete Ricketts is worth $206.6M, as of December 4th, 2025. This is the 8th highest net worth in Congress, per our live estimates.
Ricketts has approximately $119.6M invested in publicly traded assets which Quiver is able to track live.
You can track Pete Ricketts's net worth on Quiver Quantitative's politician page for Ricketts.
Pete Ricketts Bill Proposals
Here are some bills which have recently been proposed by Pete Ricketts:
- S.3246: A bill to amend the Internal Revenue Code of 1986 to exempt certain income of active or reserve service members from tax.
- S.3245: A bill to require the Department of Veterans Affairs-Department of Defense Joint Executive Committee to improve mental health screening conducted under separation health assessments for members of the Armed Forces, and for other purposes.
- S.3140: Flood Protection and Infrastructure Resilience Act of 2025
- S.3080: Nitazene Sanctions Act
- S.2804: Strengthen Wood Products Supply Chain Act of 2025
- S.2722: Taiwan Energy Security and Anti-Embargo Act of 2025
You can track bills proposed by Pete Ricketts on Quiver Quantitative's politician page for Ricketts.
