H.R. 3641 · 116th Congress
Stronger Enforcement of Civil Penalties Act of 2019
- Stage
- Reported from committee
- Sponsor
- Katie Porter
- Introduced
- 2019-07-09
- Latest action
- 2020-02-27 · Reported (Amended) by the Committee on Financial Services. H. Rept. 116-410.
Summary
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.