0
0

Stronger Enforcement of Civil Penalties Act of 2023

12/15/2023, 4:06 PM

Congressional Summary of S 837

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.

Current Status of Bill S 837

Bill S 837 is currently in the status of Bill Introduced since March 16, 2023. Bill S 837 was introduced during Congress 118 and was introduced to the Senate on March 16, 2023.  Bill S 837's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S827-828) as of March 16, 2023

Bipartisan Support of Bill S 837

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
0
Republican Cosponsors
1
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 837

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 837

Stronger Enforcement of Civil Penalties Act of 2023
Stronger Enforcement of Civil Penalties Act of 2023
A bill to enhance civil penalties under the Federal securities laws, and for other purposes.

Comments