To enhance civil penalties under the Federal securities laws, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill adds or tightens a compliance mandate, definition change provision: 2, adds or tightens a compliance mandate provision: 3. Penalties for recidivists Section 8A(g)(2) of the Securities Act of 1933 (15 U.S.C. 77h–1(g)(2)) is amended by adding at the end the following: Notwithstanding, and adds or tightens a compliance mandate, delegation of rulemaking provision: 4. It relies on compliance mandates, definition changes, and delegation of rulemaking. The main policy areas are Finance and Environment.
Who Benefits and How
The available clause analysis does not identify a specific beneficiary group.
Who Bears the Burden and How
No clear private burden is identified from the available clause analysis; implementing agencies may still take on administrative work.
Key Provisions
- Adds or tightens a compliance mandate, definition change provision: 2.
- Adds or tightens a compliance mandate provision: 3. Penalties for recidivists Section 8A(g)(2) of the Securities Act of 1933 (15 U.S.C. 77h–1(g)(2)) is amended by adding at the end the following: Notwithstanding...
- Adds or tightens a compliance mandate, delegation of rulemaking provision: 4.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for primary purpose and policy domains.
At a Glance
What This Bill Does
The bill adds or tightens a compliance mandate, definition change provision: 2, adds or tightens a compliance mandate provision: 3. Penalties for recidivists Section 8A(g)(2) of the Securities Act of 1933 (15 U.S.C. 77h–1(g)(2)) is amended by adding at the end the following: Notwithstanding, and adds or tightens a compliance mandate, delegation of rulemaking provision: 4.
Key Policy Areas
Finance, Environment
Primary Purpose
The bill adds or tightens a compliance mandate, definition change provision: 2, adds or tightens a compliance mandate provision: 3. Penalties for recidivists Section 8A(g)(2) of the Securities Act of 1933 (15 U.S.C. 77h–1(g)(2)) is amended by adding at the end the following: Notwithstanding, and adds or tightens a compliance mandate, delegation of rulemaking provision: 4.
Policy Domains
Sponsors
Jack Reed
D-RI | Primary Sponsor
Legislative Progress
IntroducedMr. Reed (for himself and Mr. Grassley) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_commission"
- → The commission identified in the operative section
Key Definitions
Terms defined in this bill
a violation described in paragraph (1) that—(I)involved fraud, deceit, manipulation, or deliberate or reckless disregard of a regulatory requirement
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology