HR 5625
107th Congress
House
Finance and Financial Sector
Auditing and auditors
Corporate collapse
Corporate governance
Crime and Law Enforcement
Criminal liability
Investment advisers
Mutual funds
Prosecution
Securities fraud
Securities regulation
Stop Enablers of Fraud Act
Introduced: October 10, 2002
Introduced by:
Markey, Edward J.
Democratic
· Massachusetts
See on congress.gov
Everywhere this bill has been
5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 12, 2002
Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.
Oct 25, 2002
Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
Oct 11, 2002
Sponsor introductory remarks on measure. (CR E1831)
Oct 10, 2002
Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Oct 10, 2002
Introduced in House
Plain-English summary
Stop Enablers of Fraud Act - Amends the following Acts to impose liability for recklessly or knowingly providing substantial assistance towards aiding and abetting violations: (1) the Securities Act of 1933; (2) the Securities Exchange Act of 1934; (3) the Investment Company Act of 1940; and (4) the Investment Advisers Act of 1940.
Shields from liability an omission or failure to act unless such omission or failure constitutes a breach of a duty owed by the relevant party.
What's happening now
Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.