Senate of Pennsylvania

SENATE DEMOCRATIC WRAP-UP FOR THE WEEK OF
 November 8, 2004

 

The Senate this week unanimously passed Senate Bill 936, which would officially establish the Pennsylvania Amber Alert System.

The legislation would give the State Police the responsibility and sole authority to activate alerts; provide lawsuit immunity to media carrying the alerts in good faith, and to persons who help rescue children who are the subject of alerts; and impose a $25 cost on conviction for relevant specified crimes, such as kidnapping and interfering with custody.

The Amber Alert system was launched in Pennsylvania shortly after the abduction of 13 Berks County school students by their bus driver in January 2002. Alerts are issued by state police upon a determination that a child under 18 has been abducted and may be at imminent risk of death or serious injury.

Alerts are put out through the Pennsylvania Emergency Management Agency’s emergency broadcast system to print media and members of the public signed up to receive e-mail notices. The alerts are also posted on electronic highway signboards operated by the Turnpike Commission and PennDOT. Amber Alerts have been activated 20 times in Pennsylvania, and are credited with aiding directly in the recovery of a dozen children.

The bill now goes to the House.

 

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The Senate unanimously passed a package of bills aimed at cracking down on securities fraud.

 House Bill 547 would double the penalties for those found guilty of violating the Pennsylvania Securities Act.  Under the bill, the maximum penalty would rise from $50,000 to $100,000 for most violations.

House Bill 599 would increase the statute of limitations for civil securities fraud actions from 4 to 5 years consistent with the federal Sarbanes-Oxley Act. This would apply to all proceedings started after the effective date of the act.

House Bill 600 would add language to the Pennsylvania Securities Act allowing the Securities Commission to deny a registration statement if an issuer has loaned money to company insiders and the loan has not been repaid prior to effective date of the registration statement.

The bills are headed to the governor’s desk for his signature.

 

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In other action:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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