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Stronger Enforcement of Civil Penalties Act of 2021

USA117th CongressS-2147| Senate 
| Updated: 7/28/2022
Jack Reed

Jack Reed

Democratic Senator

Rhode Island

Cosponsors (2)
Patrick J. Leahy (Democratic)Chuck Grassley (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline

Bill from Previous Congress

S 116-1854
Stronger Enforcement of Civil Penalties Act of 2019
Jun 21, 2021
Introduced in Senate
Jun 21, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4657-4658)
Jul 28, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held.
  • Bill from Previous Congress

    S 116-1854
    Stronger Enforcement of Civil Penalties Act of 2019


  • June 21, 2021
    Introduced in Senate


  • June 21, 2021
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4657-4658)


  • July 28, 2022
    Committee on Banking, Housing, and Urban Affairs. Hearings held.

Finance and Financial Sector

Administrative remediesCivil actions and liabilityFinancial services and investmentsFraud offenses and financial crimesSecurities

Stronger Enforcement of Civil Penalties Act of 2021

USA117th CongressS-2147| Senate 
| Updated: 7/28/2022
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 116-1854
Stronger Enforcement of Civil Penalties Act of 2019
Jun 21, 2021
Introduced in Senate
Jun 21, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4657-4658)
Jul 28, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held.
  • Bill from Previous Congress

    S 116-1854
    Stronger Enforcement of Civil Penalties Act of 2019


  • June 21, 2021
    Introduced in Senate


  • June 21, 2021
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4657-4658)


  • July 28, 2022
    Committee on Banking, Housing, and Urban Affairs. Hearings held.
Jack Reed

Jack Reed

Democratic Senator

Rhode Island

Cosponsors (2)
Patrick J. Leahy (Democratic)Chuck Grassley (Republican)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative remediesCivil actions and liabilityFinancial services and investmentsFraud offenses and financial crimesSecurities