summary
Introduced
03/30/2017
03/30/2017
In Committee
03/30/2017
03/30/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Stronger Enforcement of Civil Penalties Act of 2017 This bill amends the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisers Act of 1940 to increase 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.
AI Summary
This bill amends several federal securities laws to increase civil and administrative monetary penalties for violations. It adds a fourth tier of penalties for violations by a person who was previously convicted of securities fraud or subject to a judgment or order for fraud in a Securities and Exchange Commission (SEC) action within the previous five years. The bill also expands penalties for violations of certain federal court injunctions or SEC orders.
Committee Categories
Housing and Urban Affairs
Sponsors (4)
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S2153-2154) (on 03/30/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/senate-bill/779/all-info |
| BillText | https://www.congress.gov/115/bills/s779/BILLS-115s779is.pdf |
| Bill | https://www.congress.gov/115/bills/s779/BILLS-115s779is.pdf.pdf |
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