Stronger Enforcement of Civil Penalties Act of 2024

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 9451 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 9451 To enhance civil penalties under the Federal securities laws, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES September 3, 2024 Ms. Porter introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To enhance civil penalties under the Federal securities laws, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Stronger Enforcement of Civil Penalties Act of 2024''. SEC. 2. UPDATED CIVIL MONEY PENALTIES FOR SECURITIES LAWS VIOLATIONS. (a) Securities Act of 1933.-- (1) Money penalties in administrative actions.--Section 8A(g)(2) of the Securities Act of 1933 (15 U.S.C. 77h-1(g)(2)) is amended-- (A) in subparagraph (A)-- (i) by striking ``$7,500'' and inserting ``$10,000''; and (ii) by striking ``$7…