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119-s-2920119th CongressWALLET

Stronger Enforcement of Civil Penalties Act of 2025

Sponsored By: Senator Reed, Jack [D-RI]

Introduced

Summary

Creates much stiffer civil penalties by adding a fraud tier and a recidivist multiplier across core securities laws. The bill raises baseline fines, adds a Third tier for egregious fraud-like conduct, and a Fourth tier that triples penalties for recent fraud offenders.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

Higher securities penalties and daily fines

This bill would raise many administrative fines under the Securities Act. First-tier caps would go to $10,000 and $100,000, and some second-tier caps would be $100,000 or $500,000. It would add a new third tier for fraud-like conduct. For each third-tier act the fine would be the largest of three amounts. It would be $1,000,000 for an individual or $10,000,000 for others; or three times the violator's gross gain; or the victims' losses. The bill would also make each breach of a federal court injunction or certain SEC orders a separate offense. Each day someone keeps not following the order would count as a new offense. If a person was convicted of securities fraud or faced an SEC fraud judgment within five years, the bill would allow penalties to be tripled (3x) per violation or per day.

Sponsors & CoSponsors

Sponsor

Reed, Jack [D-RI]

RI • D

Cosponsors

  • Sen. Grassley, Chuck [R-IA]

    IA • R

    Sponsored 9/19/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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