HR 3641 · 116th Congress · Finance and Financial Sector

Stronger Enforcement of Civil Penalties Act of 2019

Introduced 2019-07-09· Sponsored by Rep. Porter, Katie [D-CA-45]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Placed on the Union Calendar, Calendar No. 331.(2020-02-27)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

H.R. 3641, Stronger Enforcement of Civil Penalties Act of 2019

Feb 21, 2020

As ordered reported by the House Committee on Financial Services on July 16, 2019

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office