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Stronger Enforcement of Civil Penalties Act of 2019

11/1/2022, 1:50 PM

Congressional Summary of HR 3641

Stronger Enforcement of Civil Penalties Act of 2019

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.

Current Status of Bill HR 3641

Bill HR 3641 is currently in the status of Bill Introduced since July 9, 2019. Bill HR 3641 was introduced during Congress 116 and was introduced to the House on July 9, 2019.  Bill HR 3641's most recent activity was Placed on the Union Calendar, Calendar No. 331. as of February 27, 2020

Bipartisan Support of Bill HR 3641

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

Policy Area and Potential Impact of Bill HR 3641

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Administrative remedies
- Civil actions and liability
- Financial services and investments
- Fraud offenses and financial crimes
- Securities

Alternate Title(s) of Bill HR 3641

Stronger Enforcement of Civil Penalties Act of 2019
To enhance civil penalties under the Federal securities laws, and for other purposes.
Stronger Enforcement of Civil Penalties Act of 2019
Stronger Enforcement of Civil Penalties Act of 2019

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