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 requires updated civil money penalties for securities laws violations Section 8A(g)(2) of the Securities Act of 1933 (15 U.S.C, requires penalties for recidivists Section 8A(g)(2) of the Securities Act of 1933 (15 U.S.C, and requires violations of injunctions and bars Section 20(d) of the Securities Act of 1933 (15 U.S.C. It relies on compliance mandates, definition changes, and delegation of rulemaking. The main policy areas are Financial Services, Finance, Environment, and Criminal Justice.
Who Benefits and How
Public beneficiaries or protected communities affected by the clause could face reduced risk, Financial services firms and customers affected by the bill could face lower compliance burdens, and Environmental and public health interests affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Financial services firms and customers affected by the bill would take on compliance duties, and Law enforcement, justice-system actors, and affected communities would take on compliance duties.
Key Provisions
- Requires updated civil money penalties for securities laws violations Section 8A(g)(2) of the Securities Act of 1933 (15 U.S.C.
- Requires penalties for recidivists Section 8A(g)(2) of the Securities Act of 1933 (15 U.S.C.
- Requires violations of injunctions and bars Section 20(d) of the Securities Act of 1933 (15 U.S.C.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires updated civil money penalties for securities laws violations Section 8A(g)(2) of the Securities Act of 1933 (15 U.S.C, requires penalties for recidivists Section 8A(g)(2) of the Securities Act of 1933 (15 U.S.C, and requires violations of injunctions and bars Section 20(d) of the Securities Act of 1933 (15 U.S.C.
Key Policy Areas
Financial Services, Finance, Environment, Criminal Justice
Primary Purpose
The bill requires updated civil money penalties for securities laws violations Section 8A(g)(2) of the Securities Act of 1933 (15 U.S.C, requires penalties for recidivists Section 8A(g)(2) of the Securities Act of 1933 (15 U.S.C, and requires violations of injunctions and bars Section 20(d) of the Securities Act of 1933 (15 U.S.C.
Policy Domains
Whole bill
Identified Gains
- Public beneficiaries or protected communities affected by the clause
- Financial services firms and customers affected by the bill
- Environmental and public health interests affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Financial services firms and customers affected by the bill
- Law enforcement, justice-system actors, and affected communities
- Public beneficiaries or protected communities affected by the clause
Sponsors
Jack Reed
D-RI | Primary Sponsor
Legislative Progress
IntroducedMr. Reed (for himself and Mr. Grassley) introduced the following …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Law enforcement, justice-system actors, and affected communities
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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