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118th Congress Finance and Financial Sector

S. 837: Stronger Enforcement of Civil Penalties Act of 2023

Introduced

  1. Introduced (completed)Mar 16, 2023
  2. Passed Senate (not reached)
  3. Passed House (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in Senate, Mar 16, 2023

This bill increases the maximum civil and administrative monetary penalties for securities laws violations.

The bill also adds a fourth tier of monetary penalties for violations by a person who, 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.

Written by the Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

No roll call votes have been held on this bill.

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

1

Bipartisan support.

Who scored on this bill

6 points earned
  1. 1John Reed D-RI SponsorDrew cross-party cosponsors, introduced2 events+6
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Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by John Reed

History

  1. Mar 16, 2023Introduced in the Senate by John Reed.
Show the full action history (2 actions)
  1. Mar 16, 2023Introduced in Senate
  2. Mar 16, 2023Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S827-828)