# 119-hr-216: SEC Act of 2025

119-hr-216, SEC Act of 2025, is a 119th Congress bill sponsored by Rep. Sessions, Pete [R-TX-17] (R-TX); status introduced; PRIA reads it as touching household money (as of 2026-11-01).

- Canonical: https://policyrisk.com/legislation/119-hr-216
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-216
- Congress: 119
- Title: SEC Act of 2025
- Status: introduced
- Introduced: 2025-01-07
- Sponsor: Rep. Sessions, Pete [R-TX-17] (R-TX)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-11-01

## Summary

**This bill would **standardize when separate securities law violations count as a single violation for penalties**. It sets three tests that decide when related acts can be treated as one for penalty calculations: a common or substantially overlapping cause, the same misstatement or omission, or a continuing failure to comply.** - Issuers, brokers, dealers, and investment advisers covered by the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisers Act of 1940 could have multiple related acts combined into a single violation for penalty purposes. - Enforcement agencies would apply the same three consolidation criteria across all four statutes, creating a uniform method for counting violations when setting penalties. - When noncompliance stems from a common origin, the same misstatement, or a continuing failure, the bill treats those occurrences as one violation, which could reduce the number of violations that determine penalties.

## Provisions PRIA read

- Fewer counted violations in SEC cases: benefit, medium. If enacted, this would change how penalties are counted in securities cases. Related acts would count as one violation when they share a common cause, the same misstatement or omission, or a continuing failure to comply. It would apply across the Securities Act, Exchange Act, Investment Company Act…

## Related bills

- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-6955: Main Street Capital Access Act
- 119-hr-4317: PBM Reform Act of 2025
- 119-hr-3383: Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025
- 119-hr-471: Fix Our Forests Act

## Sources
- [119-hr-216 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/216)

## Related
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [119-hr-6955: Main Street Capital Access Act](https://policyrisk.com/legislation/119-hr-6955)
- [119-hr-4317: PBM Reform Act of 2025](https://policyrisk.com/legislation/119-hr-4317)
- [119-hr-3383: Incentivizing New Ventures and Economic Strength Through Capital Formation Act…](https://policyrisk.com/legislation/119-hr-3383)
- [119-hr-471: Fix Our Forests Act](https://policyrisk.com/legislation/119-hr-471)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-216 (as of 2026-11-01).