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|
|Latest Action:||House - 07/16/2019 Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 25. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.3641 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (07/09/2019)
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.