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SEC Act of 2025
To amend the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisors Act of 1940 with respect to the determination of violations.
- Introduced
- Committee
- Passed House
- Passed Senate
- To President
- Became law
Summary
Securities Enforcement Clarity Act of 2025 or the SEC Act of 2025
This bill specifies when separate occurrences of securities law violations must be considered as a single violation for purposes of calculating penalties. Specifically, separate occurrences must be counted as a single violation when the acts in question are the result of (1) a common or a substantially overlapping cause, (2) the same misstatement or omission, or (3) a continuing failure to comply.
The bill applies to various violations of securities law, including those involving the registration, offer, and sale of securities; and the conduct of brokers, dealers, and investment advisers.
Summary by the Congressional Research Service, Library of Congress.
Actions
- Jan 7, 2025 Referred to the House Committee on Financial Services.
- Jan 7, 2025 Introduced in House
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