H.R.3641 - Stronger Enforcement of Civil Penalties Act of 2019116th Congress (2019-2020)
|Sponsor:||Rep. Porter, Katie [D-CA-45] (Introduced 07/09/2019)|
|Committees:||House - Financial Services|
|Committee Meetings:||07/16/19 10:00AM 07/11/19 10:00AM|
|Committee Reports:||H. Rept. 116-410|
|Latest Action:||House - 02/27/2020 Placed on the Union Calendar, Calendar No. 331. (All Actions)|
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Summary: H.R.3641 — 116th Congress (2019-2020)All Information (Except Text)
Reported to House (02/27/2020)
Stronger Enforcement of Civil Penalties Act of 2019
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.