S. 3416 (112th): Stronger Enforcement of Civil Penalties Act of 2012

Jul 23, 2012 (112th Congress, 2011–2013)
Died (Referred to Committee)
John “Jack” Reed
Senior Senator from Rhode Island
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Last Updated
Jul 23, 2012
23 pages
Related Bills
S. 286 (113th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Feb 12, 2013


This bill was introduced on July 23, 2012, in a previous session of Congress, but was not enacted.

Introduced Jul 23, 2012
Referred to Committee Jul 23, 2012
Full Title

A bill to enhance civil penalties under the Federal securities laws, and for other purposes.


No summaries available.

1 cosponsors (1R) (show)

Senate Banking, Housing, and Urban Affairs

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Primary Source

THOMAS.gov (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

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.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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