Stronger Enforcement of Civil Penalties Act of 2017
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Mar 30, 2017)
Stronger Enforcement of Civil Penalties Act of 2017
This bill amends the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisers Act of 1940 to increase civil and administrative monetary penalties for securities laws violations.
The bill also adds a fourth tier of monetary penalties for violations by a person that, within the five-year period preceding the violation: (1) was criminally convicted for securities fraud; or (2) became subject to a judgment or order imposing monetary, equitable, or administrative relief in a Securities and Exchange Commission (SEC) action alleging fraud.
In addition, the bill expands penalties for violations of certain federal court injunctions or SEC orders.
What just happenedMar 30, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S2153-2154)
Who’s behind it
- Introduced in SenateMar 30, 2017
- Mar 30, 2017IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S2153-2154)
Banking, Housing, and Urban Affairs Committee - Mar 30, 2017IntroReferral10000
Introduced in Senate