Stronger Enforcement of Civil Penalties Act of 2021
- Last Action
- 7/28/2022
Actions
- 2022-07-28Committee on Banking, Housing, and Urban Affairs. Hearings held.
- 2022-07-28Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-859.
- 2021-06-21Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4657-4658)
- 2021-06-21Introduced in Senate
CRS Summary
As of 2021-06-21 (00)
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.
Cosponsors (2)
- Charles Grassley (R-IA)
- Patrick Leahy (D-VT)
Subjects
- Administrative remedies
- Civil actions and liability
- Financial services and investments
- Fraud offenses and financial crimes
- Securities
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.