S.1854 - Stronger Enforcement of Civil Penalties Act of 2019116th Congress (2019-2020) |
|Sponsor:||Sen. Reed, Jack [D-RI] (Introduced 06/13/2019)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 06/13/2019 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (S3481-3482) (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed Senate
- Passed House
- To President
- Became Law
Summary: S.1854 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in Senate (06/13/2019)
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.