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S 779 115th Congress Senate Finance and Financial Sector Administrative remedies Civil actions and liability Financial services and investments Fraud offenses and financial crimes Securities

Stronger Enforcement of Civil Penalties Act of 2017

Introduced: March 30, 2017 Introduced by: Reed, Jack Democratic · Rhode Island See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 30, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S2153-2154)
Mar 30, 2017
Introduced in Senate
 Plain-English summary Congressional Research Service

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's happening now March 30, 2017

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S2153-2154)

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1