116 STAT. 810 PUBLIC LAW 107-204-^ULY 30, 2002 "(f) AUTHORITY OF THE COMMISSION TO PROHIBIT PERSONS FROM SERVING AS OFFICERS OR DIRECTORS. —In any cease-and-desist proceeding under subsection (a), the Commission may issue an order to prohibit, conditionally or unconditionally, and permanently or for such period of time as it shall determine, any person who has violated section 17(a)(1) or the rules or regulations thereunder, from acting as an officer or director of any issuer that has a class of securities registered pursuant to section 12 of the Securities Exchange Act of 1934, or that is required to file reports pursuant to section 15(d) of that Act, if the conduct of that person demonstrates unfitness to serve as an officer or director of any such issuer.". SEC. 1106. INCREASED CRIMINAL PENALTIES UNDER SECURITIES EXCHANGE ACT OF 1934. Section 32(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78ffla)) is amended— (1) by striking "$1,000,000, or imprisoned not more than 10 years" and inserting "$5,000,000, or imprisoned not more than 20 years"; and (2) by striking "$2,500,000" and inserting "$25,000,000". SEC. 1107. RETALIATION AGAINST INFORMANTS. (a) IN GENERAL.—Section 1513 of title 18, United States Code, is amended by adding at the end the following: Penalties. "(e) Whoever knowingly, with the intent to retaliate, takes any action harmful to any person, including interference with the lawful employment or livelihood of any person, for providing to a law enforcement officer any truthful information relating to the commission or possible commission of any Federal offense, shall be fined under this title or imprisoned not more than 10 years, or both.". Approved July 30, 2002. LEGISLATIVE HISTORY—H.R. 3763 (S. 2673): HOUSE REPORTS: Nos. 107-414 (Comm. on Financial Services) and 107-610 (Comm. of Conference). SENATE REPORTS: No. 107-205 accompanying S. 2673 (Comm. on Banking, Housing, and Urban Affairs). CONGRESSIONAL RECORD, Vol. 148 (2002): Apr. 24, considered and passed House. July 15, considered and passed Senate, amended, in lieu of S. 2673. July 25, House and Senate agreed to conference report. WEEKLY COMPILATION OF PRESIDENTL^L DOCUMENTS, Vol. 38 (2002): July 30, Presidential remarks and statement.
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