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Streamlining Penalties for Securities Violations

This new law changes how penalties for securities violations are counted. Multiple similar actions stemming from the same cause or error will be treated as a single violation. This aims to standardize and simplify the penalty process, potentially affecting the clarity of the financial market.
Key points
Multiple similar securities violations, originating from the same cause, will be counted as a single offense.
The change applies to the Securities Acts of 1933 and 1934, and the Investment Company and Investment Advisers Acts of 1940.
The goal is to standardize penalty calculations, potentially impacting market stability and predictability for investors.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_216
Sponsor: Rep. Sessions, Pete [R-TX-17]
Process start date: 2025-01-07
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

SEC Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_216.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-01-07.

What are the main provisions?

Key points include:

  • Multiple similar securities violations, originating from the same cause, will be counted as a single offense.
  • The change applies to the Securities Acts of 1933 and 1934, and the Investment Company and Investment Advisers Acts of 1940.
  • The goal is to standardize penalty calculations, potentially impacting market stability and predictability for investors.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Sessions, Pete [R-TX-17].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Courts and Law Economy