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H.R.5042 / 111th Congress

Liability for Aiding and Abetting Securities Violations Act of 2010

Referred to the Subcommittee on Courts and Competition Policy.

Official summary

Version 00 · Introduced in House · Apr 15, 2010

Liability for Aiding and Abetting Securities Violations Act of 2010 - 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.

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Who introduced it

Rep. Waters, Maxine [D-CA-35] · D–CA

Committees

  • Judiciary Committee
  • Financial Services Committee
9 cosponsorship records, including any withdrawals

Actions

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  1. Referred to the Subcommittee on Courts and Competition Policy.

  2. Referred to House Judiciary

  3. 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.

  4. Referred to House Financial Services

  5. Introduced in House

  6. Introduced in House

Bill text & related measures

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Related bills identified by Congress.gov

Source last updated: Dec 4, 2025. Consult Congress.gov for the current record.

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Objective

Analyze H.R.5042 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Individual rights and government power

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