Stronger Enforcement of Civil Penalties Act of 2023

Senate Bill 837 - Stronger Enforcement of Civil Penalties Act of 2023: Overview, Status, and Impact

Hozzl · 2023-12-15T16:06:38Z

Explore the details of Senate Bill 837 Stronger Enforcement of Civil Penalties Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

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.

Read the Full Bill

Formatted Text PDF Formatted XML

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