Stop Enablers of Fraud Act

Fact Sheet API

Bill Number

HR 5625

Introduced

Oct 10, 2002

Latest Action

Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.

Sponsor

Cosponsors

Topics

Auditing and auditors Corporate collapse Corporate governance Crime and Law Enforcement Criminal liability Finance and Financial Sector Investment advisers Mutual funds Prosecution Securities fraud Securities regulation

Full Text

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Votes

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.

Actions

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

Amendments

Related Bills