Stronger Enforcement of Civil Penalties Act of 2021
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jun 2021
Committee Review
Floor Vote
President
Introduced Jun 21, 2021
Last action Jul 28, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
1
Committee
2
Jul 28, 2022
Upper · Passed
Committee on Banking, Housing, and Urban Affairs. Hearings held.
upper
Jun 21, 2021
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4657-4658)
upper
Jun 21, 2021
Introduced
Introduced in Senate
upper
1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Jack Reed
DDemocratic
Co
Chuck Grassley
RRepublican
Co
Patrick J. Leahy
DDemocratic
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