S. 837 · 118th Congress
Stronger Enforcement of Civil Penalties Act of 2023
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
ReedSponsor1 cosponsor · 1 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill increases the maximum civil and administrative monetary penalties for securities laws violations.
What it does: CRS summary · Introduced in Senate · Mar 16, 2023
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Stronger Enforcement of Civil Penalties Act of 2023
Latest action (Mar 16, 2023): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S827-828)
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Mar 16, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.