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

CBO Score

$2.06 billion

Date of Report

Thu February 20th, 2020

CBO Report Details

Legislation Details

116th Congress

To enhance civil penalties under the Federal securities laws, and for other purposes.

Sponsor: Rep. Katie Porter — D — CA

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 alleg...

View the full vote history of this bill on GovTrack.us.

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