H.R. 9342, also known as the “Securities Enforcement Clarity Act of 2024,” aims to amend several key financial laws to clarify how violations are counted. The bill modifies the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940,...
Simple Explanation
H.R. 9342, called the Securities Enforcement Clarity Act, is like a new rule that helps people understand how and when someone has broken certain financial laws. If someone makes a mistake or keeps doing the wrong thing, this rule says it will only count as one mistake if they are all closely related, making it simpler to decide on punishments.