S. 1854 · 116th Congress
Stronger Enforcement of Civil Penalties Act of 2019
- Stage
- In committee
- Sponsor
- Jack Reed
- Introduced
- 2019-06-13
- Latest action
- 2019-06-13 · Introduced in Senate
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.