119th Congress · House bill · Last action Jan 7, 2025
H.R. 216In CommitteeFinance and Financial Sector
SEC Act of 2025
Sponsor: Rep. Sessions, Pete (R-TX)Introduced Jan 7, 2025
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In plain English
Rep. Pete Sessions (R-TX) introduced this bill to establish rules for when the Securities and Exchange Commission counts multiple instances of securities law violations as a single violation for penalty purposes. Violations must be treated as one when they stem from a common or substantially overlapping cause, involve the same misstatement or omission, or result from a continuing failure to comply. The bill applies to violations involving the registration and sale of securities and the conduct of brokers, dealers, and investment advisers.
Generated by ThePolitibase from the bill text and CRS summary. Read the official text →
Note: the official CRS summary for this bill was written on 2025-01-07, but the bill text was revised on 2025-01-07T05:00:00Z. Provisions may have been added since the summary was written — the section list above reflects the current text.
Where it is in the process
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Introduced
Jan 7
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House committee
Jan 7
3
House floor
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4
Senate
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5
Signed
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What happens next: Sits in committee. Needs a markup or favorable report to advance to the House floor.
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Activity timeline
Jan 7
Jan 7, 2025
Jan 7, 2025
Referred to the House Committee on Financial Services.
Jan 7
Jan 7, 2025
Jan 7, 2025
Introduced in House
Jan 7
Jan 7, 2025
Jan 7, 2025
Introduced in House
Read the bill text
Official text via Congress.gov. Opens in a new tab.
Full action log
All 3 recorded actions since introduction · Source: Congress.gov
Jan 7
HOUSEReferred to the House Committee on Financial Services.
Jan 7
Introduced in House
Jan 7
Introduced in House
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