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S 1551 111th Congress Senate

Liability for Aiding and Abetting Securities Violations Act of 2009

Official title: A bill to amend section 20 of the Securities Exchange Act of 1934 to allow for a private civil action against a person that provides substantial assistance in violation of such Act.

Introduced: August 6, 2009 See on congress.gov
Finance and Financial Sector Civil actions and liabilityFraud offenses and financial crimesSecurities
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 17, 2009
Committee on the Judiciary Senate Subcommittee on Crime and Drugs. Hearings held. With printed Hearing: S.Hrg. 111-369.
Jul 30, 2009
Read twice and referred to the Committee on the Judiciary.
Jul 30, 2009
Sponsor introductory remarks on measure. (CR S8564-8565)
Jul 30, 2009
Introduced in Senate
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 Latest action September 17, 2009

Committee on the Judiciary Senate Subcommittee on Crime and Drugs. Hearings held. With printed Hearing: S.Hrg. 111-369.

 Plain-English summary Congressional Research Service

Liability for Aiding and Abetting Securities Violations Act of 2009 - Amends the Securities Exchange Act of 1934 to subject to liability in a private civil action any person that knowingly or recklessly provides substantial assistance to another person (aids and abets) in violation of such Act.

 Related & companion bills 1
  • HR 5042 Related bill Liability for Aiding and Abetting Securities Violations Act of 2010
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 2
D
Whitehouse, Sheldon
Rhode Island · Aug 6, 2009
 D
Reed, Jack
Rhode Island · Jul 30, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1551: Liability for Aiding and Abetting Securities Violations Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-S-1551/
MLA
"S. 1551: Liability for Aiding and Abetting Securities Violations Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-1551/.
Bluebook (legal)
S. 1551, 111th Cong. (2026), https://openamerica.io/bill/111-S-1551/.
Markdown link
[S. 1551: Liability for Aiding and Abetting Securities Violations Act of 2009](https://openamerica.io/bill/111-S-1551/)
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