; and (B) by striking $2,000,000 and inserting $4,000,000 ; and (2) in clause (ii)— (A) by striking $750,000 and inserting $1,500,000 ; and (B) by striking $15,000,000 and inserting $22,000,000 . (b) Effective date The amendments made by this section shall apply with respect to conduct that occurs after the date of the enactment of this Act. 213. Updated civil money penalty for controlling persons in connection with insider trading (a) In general Section 21A(a)(3) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78u–1(a)(3) ) is amended by striking $1,000,000 and inserting $2,500,000 . (b) Effective date The amendment made by this section shall apply with respect to conduct that occurs after the date of the enactment of this Act. 214. Update of certain other penalties (a) In general Section 32 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78ff ) is amended— (1) in subsection (a), by striking $5,000,000 and inserting $7,000,000 ; and (2) in subsection (c)— (A) in paragraph (1)— (i) in subparagraph (A), by striking $2,000,000 and inserting $4,000,000 ; and (ii) in subparagraph (B), by striking $10,000 and inserting $50,000 ; and (B) in paragraph (2)— (i) in subparagraph (A), by striking $100,000 and inserting $250,000