SENATE 837118th CongressRead twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S827-828)

Stronger Enforcement of Civil Penalties Act of 2023

Last Action: 3/16/2023

Actions

2023-03-16Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S827-828)
2023-03-16Introduced in Senate

CRS Summary

As of 2023-03-16 (00)

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.

Cosponsors (1)

Chuck Grassley (R-IA)

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