What does Modern Action include in the message about S. 2920?

The draft includes the bill number, your position, the reasons you selected, any personal context you add, and a direct ask such as voting yes, voting no, cosponsoring, opposing, or seeking changes.

Contact Congress about S. 2920: Stronger Enforcement of Civil Penalties Act of 2025

Q: How do I support or oppose S. 2920?

Choose support, opposition, or changes. Modern Action uses that stance, the bill context, and any reasons you choose to draft a message you can edit and send.

Q: Who should I contact about S. 2920?

Modern Action routes the drafted message to your senators when that is the relevant target for this bill, using your address to confirm constituent status.

People and firms that break securities laws could face much larger fines. The bill also adds tougher penalties for repeat offenders and for ignoring SEC or court orders. In the biggest fraud cases, penalties could be based on investor losses or illegal gains.

Modern Action explains legislation in plain English, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.

Stronger Enforcement of Civil Penalties Act of 2025 is a Senate bill in committee. The latest recorded action: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S6793-6794).

Latest action on S. 2920: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S6793-6794)

Who this affects: This bill mainly affects people and businesses that sell securities, run investment funds, or give investment advice, because they could face much larger fines if they break the law. It could also matter to investors harmed by fraud, since enforcement cases could involve larger penalty amounts. The SEC and federal courts would use these stronger penalty rules in both agency proceedings and lawsuits.

Why this matters: This bill matters because it could make securities fraud and other serious violations much more expensive. In big cases, the maximum penalty would no longer depend only on older fixed caps. It could rise with investor losses or illegal gains. That could change how the SEC, courts, and financial firms judge legal risk, especially for repeat offenders or for people who ignore enforcement orders. The bill does not say how often these higher penalties would be used, so the real impact would depend on future enforcement decisions.

Key provisions in S. 2920

This bill raises the maximum fines for lower-level securities violations under four major federal laws. In many places, it doubles old limits, such as from $5,000 to $10,000 for individuals and from $50,000 to $100,000 for companies or other entities.
For the most serious cases, the top third-tier penalty becomes much larger. For each violation, the maximum would be whichever is highest: $1,000,000 for an individual, $10,000,000 for other persons, three times the violator’s gains, or the victims’ total losses.
A case must meet a high bar to qualify for that third-tier penalty. It must involve fraud, deceit, manipulation, or a knowing or reckless disregard of regulatory rules, plus major losses, a serious risk of losses, or large illegal gains.
The bill creates a new fourth tier for repeat offenders. If, in the last 5 years, a person was convicted of securities fraud or was already under an SEC judgment or order in a fraud case, the maximum penalty for a new violation can be up to three times higher than it otherwise would be.
These new penalty rules apply in both SEC in-house cases and civil lawsuits in court. They cover cases under the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisers Act of 1940.

How Modern Action helps you take action on S. 2920

You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.

Questions people ask about S. 2920

What is S. 2920?: People and firms that break securities laws could face much larger fines. The bill also adds tougher penalties for repeat offenders and for ignoring SEC or court orders. In the biggest fraud cases, penalties could be based on investor losses or illegal gains.
How do I support or oppose S. 2920?: Choose support, oppose, or ask for changes on Modern Action. The action flow drafts the message for you and keeps the wording tied to this bill.
Who should I contact about S. 2920?: Modern Action uses your location to route the action to the congressional offices relevant to the bill and your representation.
Can Modern Action explain S. 2920 before I act?: Yes. Modern Action gives you a plain-English summary, current status, and action context before you send anything.

Contact Congress about S. 2920: Stronger Enforcement of Civil Penalties Act of 2025

Latest action on S. 2920: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S6793-6794)

Key provisions in S. 2920

This bill raises the maximum fines for lower-level securities violations under four major federal laws. In many places, it doubles old limits, such as from $5,000 to $10,000 for individuals and from $50,000 to $100,000 for companies or other entities.

For the most serious cases, the top third-tier penalty becomes much larger. For each violation, the maximum would be whichever is highest: $1,000,000 for an individual, $10,000,000 for other persons, three times the violator’s gains, or the victims’ total losses.

A case must meet a high bar to qualify for that third-tier penalty. It must involve fraud, deceit, manipulation, or a knowing or reckless disregard of regulatory rules, plus major losses, a serious risk of losses, or large illegal gains.

The bill creates a new fourth tier for repeat offenders. If, in the last 5 years, a person was convicted of securities fraud or was already under an SEC judgment or order in a fraud case, the maximum penalty for a new violation can be up to three times higher than it otherwise would be.

These new penalty rules apply in both SEC in-house cases and civil lawsuits in court. They cover cases under the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisers Act of 1940.

How Modern Action helps you take action on S. 2920

Questions people ask about S. 2920

What is S. 2920?

How do I support or oppose S. 2920?

Choose support, oppose, or ask for changes on Modern Action. The action flow drafts the message for you and keeps the wording tied to this bill.

Who should I contact about S. 2920?

Modern Action uses your location to route the action to the congressional offices relevant to the bill and your representation.

Can Modern Action explain S. 2920 before I act?

Yes. Modern Action gives you a plain-English summary, current status, and action context before you send anything.