Securities Investor Education, Training, and Enforcement Fund Amendments
SB 94 increases the cap on Utah's Securities Investor Education, Training, and Enforcement Fund from $500,000 to $1,000,000. This allows the fund to retain more money from securities-related civil penalties and fines before transferring excess to the General Fund. The fund uses these resources to provide education for Utah residents about securities laws and investment decisions, train industry professionals, and support enforcement activities like investigations and litigation. The change directly affects Utah residents learning about financial markets and the financial industry, which funds its compliance training through the program.
Bill status
introduced
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 21, 2025
Last action Mar 8, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
6
Key actions
0
Committee
0
Jan 21, 2025
Introduced
Senate/ 1st reading (Introduced)
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Mike McKell
RRepublican
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