Amends the Commodity Exchange Act to increase from $100,000 to $500,000 the fine and from five to ten years the imprisonment term for specified prohibited acts by any person in connection with any account, agreement, or transportation involving a regulated options contract for the sale of an agricultural commodity for future delivery.
Authorizes a civil cause of action for triple damages and reasonable attorney's fees by any person injured by a prohibited act.
Authorizes the district court with jurisdiction over either a criminal trial or civil action brought by a State to order all or any part of a fine or judgment to be paid to the victim of the offense or to the injured person.
Directs the Commodity Futures Trading Commission, as plaintiff in an in rem civil proceeding, to seize money, securities, or property that a defendant has been ordered to forfeit to the United States, and to make due provision for the rights of any innocent person from the proceeds of any disposition of such property. Authorizes the Commission to perform the duties of customs officers in the enforcement of this Act.
Introduced in House
Introduced in House
Referred to House Committee on Agriculture.
Referred to House Committee on the Judiciary.
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