S.3219 - Senior Investor Protections Enhancement Act of 2008110th Congress (2007-2008)
|Sponsor:||Sen. Casey, Robert P., Jr. [D-PA] (Introduced 06/27/2008)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||06/27/2008 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.|
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- Finance and Financial Sector
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Summary: S.3219 — 110th Congress (2007-2008)All Bill Information (Except Text)
Introduced in Senate (06/27/2008)
Senior Investor Protections Enhancement Act of 2008 - 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 to a maximum of $50,000 the civil penalty for a violation of the Act primarily directed toward or committed against a senior (age 62 or older).
Directs the United States Sentencing Commission to review and amend federal sentencing guidelines and policy statements to ensure that guideline offense levels and enhancements appropriately punish criminal violations of the securities laws against seniors.