S 2147
117th 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 2021
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 28, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Jul 28, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-859.
Jun 21, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4657-4658)
Jun 21, 2021
Introduced in Senate
Plain-English summary
Stronger Enforcement of Civil Penalties Act of 2021
This bill increases 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
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Committees of jurisdiction
1
Cosponsors
1