Bill 119 HR 216 aims to make changes to several key pieces of legislation related to securities and investments in the United States. Specifically, the bill seeks to amend the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisors Act of 1940 in order to address how violations are determined.
The bill proposes changes to the way violations of these acts are identified and addressed. This includes updating the criteria used to determine when a violation has occurred and establishing new procedures for investigating and penalizing violations. The goal of these changes is to improve the effectiveness of enforcement actions and ensure that individuals and entities are held accountable for violating securities laws.
Overall, Bill 119 HR 216 represents an effort to strengthen the regulatory framework governing securities and investments in the United States. By updating and clarifying the rules surrounding violations of key legislation, the bill aims to enhance investor protection and promote fair and transparent markets.