S. 2147 · 117th Congress
Stronger Enforcement of Civil Penalties Act of 2021
- Stage
- In committee
- Sponsor
- Jack Reed
- Introduced
- 2021-06-21
- Latest action
- 2022-07-28 · Committee on Banking, Housing, and Urban Affairs. Hearings held.
Summary
Stronger Enforcement of Civil Penalties Act of 2021
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.