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HR 2920
Recent Bills/HR 2920

VARIANCE Act

IntroducedApril 17, 2025
Introduced1 year ago
Intro
House
Senate
Pres
Referred to the Subcommittee on Highways and Transit.
Finance and Financial Sector
More:Recently Introduced BillsHouse Bills
Why This Matters

This bill increases monetary fines under the Securities Act of 1933, the Exchange Act of 1934, and related laws. It adds higher penalty tiers for serious fraud, repeat offenders, and treats each injunction breach as a separate offense.

Who this affects
Companies · Advisers · Brokers · Individuals
What changes is this bill making?
  1. 1Increases base penalties in administrative and civil proceedings under the Securities Act of 1933, the Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisers Act of 1940.
  2. 2Creates a third tier of penalties for acts involving fraud or reckless disregard, with maximum fines of $1,000,000 for natural persons or $10,000,000 for other persons, or three times the wrongdoer’s gains or victim losses.
  3. 3Establishes a fourth tier for repeat offenders, tripling the applicable penalty if the person was convicted of securities fraud or subject to a related order in the past five years.
  4. 4Treats each separate violation of a court injunction or a Commission order that bars or limits activities as an individual offense, including daily penalties for ongoing breaches.
Read the detailed summary

Vehicle Axle Redistribution Increases Allow New Capacities for Efficiency Act or the VARIANCE Act This bill allows commercial motor vehicles transporting dry bulk goods to operate on the Interstate Highway System with up to 110% of the maximum authorized weight on any axle or axle group.

Read full document
Bill Progress1 of 4
Bills must pass the House, Senate, and be signed by the President to become law.
Intro
House
Senate
Pres
IntroducedCurrentApr 17, 2025

Referred to the Subcommittee on Highways and Transit.

Sponsors
See all 2 sponsors
House
Senate
President

The President

Donald Trump
President
Awaiting Vote
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