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S. 1730

Referred to Committee

Stronger Enforcement of Civil Penalties Act of 2015

Introduced 7/9/2015•114th Congress•Senate

Latest Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4956)

7/9/2015 • Senate

Summary

Stronger Enforcement of Civil Penalties Act of 2015

Amends the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisers Act of 1940 to increase the money penalties in administrative and civil actions involving securities laws violations.

Prescribes a fourth tier penalty of triple monetary penalties for noncompliance with certain enforcement actions if the violator, within the five-year period preceding the prohibited act, was criminally convicted for securities fraud or became subject to a judgment or order imposing monetary, equitable, or administrative relief in any Securities and Exchange Commission (SEC) action alleging fraud by such violator.

Applies the treatment as a separate offense each day that a violation of an SEC cease-and-desist order is committed through continuing noncompliance to violation of any action to enforce a federal court injunction or certain SEC orders that bar, suspend, place limitations on the activities or functions of, or prohibit the activities of, a person.

Introduced in Senate • 7/9/2015

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Topics & Subjects

Administrative remediesCivil actions and liabilityFinancial services and investmentsFraud offenses and financial crimesSecurities

Congressional Votes (0)

No recorded votes yet

Roll call votes will appear here as the bill moves through Congress

Related Federal Spending

Sponsor & Cosponsors (3)

Party Breakdown

2
Democrats
1
Republicans
0
Independents

Sponsor

S[
Sen. Reed, Jack [D-RI]

Democrat • RI

Sponsored 7/9/2015

Cosponsors (2)

S[
Sen. Grassley, Chuck [R-IA]

R-IA

Joined 7/9/2015

S[

Bill Journey

Originated in the Senate

Introduced

July 9, 2015

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4956)

Committee Review

Floor Debate

Passed Chamber

Other Chamber

President

Enacted into Law

Text Versions (1)

Introduced in Senate7/9/2015

Details

Bill TypeS
Current StatusReferred to Committee
Cosponsors2