United States 116th Congress Status: In Committee 1 D cosponsors

HR 3641 — Stronger Enforcement of Civil Penalties Act of 2019

Last action — Placed on the Union Calendar, Calendar No. 331.

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Stronger Enforcement of Civil Penalties Act of 2019 This bill 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 alleging fraud. In addition, the bill expands penalties for violations of certain federal court injunctions or SEC orders.

Bill Text

What changed in the latest version

18 added · 5 removed

Plain-language change summary

The amendment to HR 3641 replaces the existing text in Section 42(e)(2) of the Investment Company Act of 1940. It introduces a new framework for enforcement actions, although the specific details of these changes are represented by the italicized part that was added. The practical effect of this amendment could influence how enforcement actions are carried out under the Act, though the exact implications are not detailed in the provided text.

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3641 Introduced in House (IH)] <DOC> 116th CONGRESS 1st Session H.
3641 Reported in House (RH)] <DOC> Union Calendar No.
331 116th CONGRESS 2d Session H.
3641 To enhance civil penalties under the Federal securities laws, and for other purposes.
3641 [Report No.
116-410] To enhance civil penalties under the Federal securities laws, and for other purposes.
which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To enhance civil penalties under the Federal securities laws, and for other purposes.
which was referred to the Committee on Financial Services February 27, 2020 Reported with an amendment;
committed to the Committee of the Whole House on the State of the Union and ordered to be printed [Strike out all after the enacting clause and insert the part printed in italic] [For text of introduced bill, see copy of bill as introduced on July 9, 2019] _______________________________________________________________________ A BILL To enhance civil penalties under the Federal securities laws, and for other purposes.
(2) Enforcement.--Section 42(e)(2) of the Investment Company Act of 1940 (15 U.S.C.
(2) Enforcement of certain actions.--Section 42(e)(2) of the Investment Company Act of 1940 (15 U.S.C.
<all>
Union Calendar No.
331 116th CONGRESS 2d Session H.
R.
3641 [Report No.
116-410] _______________________________________________________________________ A BILL To enhance civil penalties under the Federal securities laws, and for other purposes.
_______________________________________________________________________ February 27, 2020 Reported with an amendment;
committed to the Committee of the Whole House on the State of the Union and ordered to be printed
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Action History

  1. Reported (Amended) by the Committee on Financial Services. H. Rept. 116-410.

  2. Reported (Amended) by the Committee on Financial Services. H. Rept. 116-410.

  3. Placed on the Union Calendar, Calendar No. 331.

  4. Committee Consideration and Mark-up Session Held.

  5. Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 25.

  6. Introduced in House

  7. Introduced in House

  8. Referred to the House Committee on Financial Services.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

finance
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Frequently asked questions

What does HR 3641 do?
Stronger Enforcement of Civil Penalties Act of 2019 This bill 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 alleging fraud. In addition, the bill expands penalties for violations of certain federal court injunctions or SEC orders.
Who sponsors HR 3641?
HR 3641 is sponsored by Porter, Katie (Democratic).
What is the current status of HR 3641?
This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 3641?
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Last checked for changes 3 months ago · updated continuously

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