US Congress Senate Bill 779 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: Introduced on March 30 2017 - 25% progression, died in committee
Action: 2017-03-30 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S2153-2154)
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]

Stronger Enforcement of Civil Penalties Act of 2017 This bill amends the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisers Act of 1940 to increase 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.

Stronger Enforcement of Civil Penalties Act of 2017

Sen. Jack Reed [D-RI]

Sen. Chuck Grassley [R-IA]

Sen. Heidi Heitkamp [D-ND]

Sen. Patrick Leahy [D-VT]

Date	Chamber	Action
2017-03-30	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S2153-2154)

HB10 (Related) 2017-07-13 - Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108.
HR375 (Similar To) 2017-06-07 - Motion to reconsider laid on the table Agreed to without objection.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/senate-bill/779/all-info
Text	https://www.congress.gov/115/bills/s779/BILLS-115s779is.pdf