S. 837 · 118th Congress
Stronger Enforcement of Civil Penalties Act of 2023
- Stage
- In committee
- Sponsor
- Jack Reed
- Introduced
- 2023-03-16
- Latest action
- 2023-03-16 · Introduced in Senate
Summary
Stronger Enforcement of Civil Penalties Act of 2023
This bill increases the maximum civil and administrative monetary penalties for securities laws violations.
The bill also adds a fourth tier of monetary penalties for violations by a person who, 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.