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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.
Read the Full Bill
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
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 3641
Primary Policy Focus
Finance and Financial SectorPotential 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
Comments
Sponsors and Cosponsors of HR 3641
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