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S 837 118th Congress Senate Finance and Financial Sector

Stronger Enforcement of Civil Penalties Act of 2023

Introduced: March 16, 2023 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 16, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S827-828)
Mar 16, 2023
Introduced in Senate
 Plain-English summary Congressional Research Service

Stronger Enforcement of Civil Penalties Act of 2023

This bill increases the maximum civil and administrative monetary penalties for securities laws violations.

The bill also adds a fourth tier of monetary penalties for violations by a person who, 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 16, 2023

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S827-828)

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1