US HB216

Amends four major securities laws (Securities Act of 1933, Securities Exchange Act of 1934, Investment Company Act of 1940, and Investment Advisers Act of 1940) to standardize how the SEC counts violations when imposing penalties

Requires multiple acts of noncompliance to be treated as a single violation when they result from a common or substantially overlapping originating cause

Treats multiple acts as one violation when they stem from the same misstatement or omission in securities filings or disclosures

Counts a continuing failure to comply with securities regulations as a single violation rather than multiple separate violations

Would potentially reduce total penalties assessed against companies and individuals by limiting the SEC's ability to stack multiple violation counts from related conduct