Stronger Enforcement of Civil Penalties Act of 2012

Summary

Stronger Enforcement of Civil Penalties Act of 2012 - 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 the money penalties in administrative and civil actions involving securities laws violations. Prescribes a fourth tier penalty of triple monetary penalties for noncompliance with certain enforcement actions if the violator, within the five-year period preceding the prohibited act, was criminally convicted for securities fraud or became subject to a judgment or order imposing monetary, equitable, or administrative relief in any Securities and Exchange Commission (SEC) action alleging fraud by such violator. Applies the treatment as a separate offense each day that a violation of an SEC cease-and-desist order is committed through continuing noncompliance to violation of any action to enforce a federal court injunction or certain SEC orders that bar, suspend, place limitations on the activities or functions of, or prohibit the activities of, a person.

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Timeline

1. 23 July 2012

   Introduced

   Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S5260-5262)

   Source: IntroReferral

2. 23 July 2012

   Introduced

   Sponsor introductory remarks on measure. (CR S5259-5260)

   Source: IntroReferral

3. 23 July 2012

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 23 July 2012 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 23 July 2012

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 23 July 2012

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 23 July 2012

  Open at official source

Sponsors

• John Reed · D · Sponsor
• Chuck Grassley · R · Sponsor
• · ssbk00 · Standing

Related records

No cross-record relationships stored yet.