Relating to the personal liability of control persons and material aiders under the Texas Securities Act; excluding claims from proportionate responsibility under Chapter 33 of the Texas Civil Practice and Remedies Code.

HB 1744 modifies the Texas Securities Act by removing the application of proportionate responsibility (a legal principle that reduces liability based on fault share) for claims against control persons (like company executives) and material aiders (such as financial advisors who assist in violations). This means defendants in securities lawsuits under this law may be held fully liable for the entire harm, rather than having their responsibility reduced by their share of fault. The bill directly affects executives, directors, and financial professionals who hold control or provide material assistance in securities matters. This policy change shifts liability standards to prioritize full accountability for key individuals in securities enforcement cases.