Bill Sponsor
House Bill 3641
116th Congress(2019-2020)
Stronger Enforcement of Civil Penalties Act of 2019
Introduced
Introduced
Introduced in House on Jul 9, 2019
Overview
Text
Introduced
Jul 9, 2019
Latest Action
Feb 27, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3641
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Democrat
California
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

Stronger Enforcement of Civil Penalties Act of 2019

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.

Text (2)
February 27, 2020
Actions (6)
02/27/2020
Placed on the Union Calendar, Calendar No. 331.
02/27/2020
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-410.
07/16/2019
Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 25.
07/16/2019
Committee Consideration and Mark-up Session Held.
07/09/2019
Referred to the House Committee on Financial Services.
07/09/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 1:50:45 PM