Latest Update: Friday, January, 16th 2009

To amend the Federal securities laws to enhance the effectiveness of the Securities and Exchange Commission's enforcement, corporation finance, trading and markets, investment management, and examination programs, and for other purposes. 9/11/2008--Passed House amended.    (There is 1 other summary) Securities Act of 2008 - (Sec. 2) Amends the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, and the Investment Company Act of 1940 to authorize the Securities and Exchange Commission (SEC) to assess and impose civil penalties in a cease and desist proceeding.Creates three tiers of increasing civil penalties for acts or omissions of increasing gravity.(Sec. 3) Authorizes the SEC to censure, place limitations on the activities or functions of, or investigate any person who at the time of specified alleged misconduct was: (1) a member or employee of the Municipal Securities Rulemaking Board; (2) [...]

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Latest Actions
  • 09/12/2008 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • 09/11/2008 - ORDER OF PROCEDURE - Mr. Hoyer asked unanimous consent that the motion to suspend the rules be considered as adopted in the form considered by the House on Tuesday, September 9, 2008. (consideration: CR H8025)
  • 09/11/2008 - On motion to suspend the rules and pass the bill, as amended Agreed to without objection. (text: CR 09/09/2008 H7888-7892)
  • 09/11/2008 - Motion to reconsider laid on the table Agreed to without objection.
  • 09/09/2008 - Mr. Kanjorski moved to suspend the rules and pass the bill, as amended.

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