S. 2147IntroducedFINANCE AND FINANCIAL SECTOR
Stronger Enforcement of Civil Penalties Act of 2021
Administrative remedies · Civil actions and liability · Financial services and investments
Key facts
Introduced: Jun 21, 2021
Chamber: Senate
Cosponsors: 2
Congress: 117th
Latest action · Jul 28, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Summary
Stronger Enforcement of Civil Penalties Act of 2021
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.
Summary by Congressional Research Service.
Timeline
- Jul 28, 2022Committee on Banking, Housing, and Urban Affairs. Hearings held.
- Jul 28, 2022Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-859.
- Jun 21, 2021Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4657-4658)
- Jun 21, 2021Introduced in Senate
Cosponsors
- Sen. Grassley, Chuck [R-IA] R-IA
- Sen. Leahy, Patrick J. [D-VT] D-VT
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View official record on Congress.gov →
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