SPRINGFIELD -

Bill No.: SB 842

An Act Concerning: State Employee Benefits

Action: Signed

Effective: July 1, 2015

Bill No.: SB 38

An Act Concerning Employment

Action: Signed

Effective: January 1, 2016

Bill No.: SB 86

An Act Concerning Local Government

Action: Signed

Effective: January 1, 2016

Bill No.: SB 87

An Act Concerning Local Government

Action: Signed

Effective: January 1, 2016

Bill No.: SB 543

An Act Concerning Safety

Action: Signed

Effective: Immediately

Bill No.: SB 706

An Act Concerning Education

Action: Signed

Effective: January 1, 2016

Bill No.: SB 718

An Act Concerning Regulation

Action: Signed

Effective: January 1, 2016

 

Bill No.: SB 721

An Act Concerning Children

Action: Signed

Effective: Immediately

Bill No.: SB 735

An Act Concerning Civil Law

Action: Signed

Effective: January 1, 2016

Bill No.: SB 748

An Act Concerning Regulation

Action: Signed

Effective: January 1, 2016

Bill No.: SB 749

An Act Concerning Regulation

Action: Signed

Effective: Immediately

Bill No.: SB 813

An Act Concerning Agriculture

Action: Signed

Effective: January 1, 2016

Bill No.: SB 818

An Act Concerning Regulation

Action: Signed

Effective: January 1, 2016

Bill No.: SB 836

An Act Concerning Safety

Action: Signed

Effective: Immediately

Bill No.: SB 1319

An Act Concerning Education

Action: Signed

Effective: January 1, 2016

 

Bill No.: SB 1571

An Act Concerning Health

Action: Signed

Effective January 1, 2016

 

Bill No.: SB 1603

An Act Concerning Transportation

Action: Signed

Effective Immediately

Bill No.: HB 132

An Act Concerning Health

Action: Signed

Effective Immediately

 

Bill No.: HB299

An Act Concerning Local Government

Action: Signed

Effective January 1, 2016

 

Bill No.: HB 437

An Act Concerning Safety

Action: Signed

Effective Immediately

Bill No.: HB 1014

An Act Concerning Safety

Action: Signed

Effective: Immediately

Bill No.: HB 1455

An Act Concerning Safety

Action: Signed

Effective: Immediately

Bill No.: HB 3273

An Act Concerning Local Government

Action: Signed

Effective Immediately

 

Bill No.: HB 3369

An Act Concerning Regulation

Action: Signed

Effective January 1, 2016

 

Bill No.: HB3882

An Act Concerning Local Government

Action: Signed

Effective January 1, 2016

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This camp is an exciting, engaging experience for your young innovator. Fun, imaginative sessions including LEGO robotics, a Giant Screen 3D film, the opportunity to create and learn side by side with engineering students from Iowa State University and Quad City Professional Engineers and much more await your camper! Don't miss out on one of the area's most popular summer programs!

Choose one of the following days:

July 27 or July 28 for Grades 4 - 6
July 29 for Grades 2-3
July 30 for GIRLS ONLY grades 4 - 8
July 31 for Grades 7-8
$40 Camp fee includes lunch and a t-shirt.
Space is limited - Register today!
Click here or call Alice Loff at 563-324-7296.

Sponsored in-part by: Iowa State University College of Engineering and Quad City Engineering and Science Council.

**Please note that Engineering Camps end at 3pm-no before or after care available this week.

WELCOME NEW MEMBER!

Hope Golick - Keller Williams Realtor 1225 E. River Dr., Davenport, IA. 52803. Licensed in Iowa and Illinois.  hopegolickrealtor@yahoo.com - 563-357-6145

CHAMBER NETWORKING EVENT!

July 14th - Blue Iguana - LeClaire - lunch, noon. Everyone Welcome!

 

CALENDAR

July 10th - Wide River Winery - Live Music in the Courtyard - Jordan Danielsen - 5-8p.m.

July 10th - Steventon's Sunset Concert on the Deck Live Music - The Acoustic Project - 6-9p.m.

July 11th - Bierstube - 1st Annual SWINGING FORE A CURE MS GOLF OUTING Proudly Sponsored by the BIERSTUBE. Registration and Sponsor forms available at both Bierstube locations.

July 11th - Princeton Garden Walk 10:00 A.M. to 1:00 P.M. Benefit for Princeton Community Center. Home gardens open to the public. The walk will start and end at the Community Center, 428 South River Dr. Participants are invited to check in, buy a $5.00 ticket, pick up a map and an ice cold bottle of water to start tour. Each guest is invited to return to the center to enjoy refreshments and mark your ballot for your favorite garden. Representatives from Iowa State University Extension Office will be available for gardening questions and concerns.

July 14th - Chamber Networking - Blue Iguana - LeClaire - lunch, noon. Everyone Welcome!

July 16th - Expressions in Threads - The Farm Girl Vintage Block of the Month Class 10:30 am. Laura and Pam will present four blocks a month and discuss the techniques used to create them. Book, Farm Girl Vintage by Lori Holt - tutorials and project ideas! Call to reserve your spot - 563-289-1447.

July 17th - Wide River Winery - Live Music in the Courtyard - Pieces of Candy - 5-8p.m.

July 17th - Steventon's Sunset Concert on the Deck Live Music - Douglas and Tucker - 6-9p.m.

July 17th - "Hoppin' an Rockin' in the Parkin' Lot" at Zion Lutheran Church, 204 Great River Road, Princeton, 5:50 -- to 9:30 p.m. Lawn games, local youth bands and vocal numbers until 7:15, a pulled pork sandwich supper for $5.00 from 6:00 -- 7:30 p.m. and Old 57s (of Johnny Cash and Buddy Holly fame) from 7:30 to 9:30 p.m. Performance is free.  There is something for everyone so please join us for some summer fun!  Princeton Community Center 428 S. River Drive, will be used if rainy weather.

July 18th - LeClaire High School Reunion For All Who Attended LeClaire Township Schools before 1960. Pleasant Valley Community School District High School Cafeteria, Belmont Road, Bettendorf, IA. Doors open 3p.m. Buffet Dinner, 5-7p.m. Program 7p.m. Commemorative T-Shirts - $10.00. $18 per person. Reservations Required. Guests Welcome! Contact Marie Spinsby, 563-289-4588.

July 22nd - Princeton Community Center - An Afternoon of Euchre 12:30 p.m.  Anyone interested in lunch can meet at 11:30 a.m. and we will order from Go Fish (lunch is on their own) and have it delivered to the Center with Euchre to start after that. Zion Lutheran co-sponsors the event.  There will be coffee and dessert included.  There will be no fee to play, just enjoy a fun afternoon near the Mississippi.

July 22nd - Steventons will be closed for a private party.

July 23rd - 25th - Expressions in Threads Fabriganza - Our largest sale of the year! LeClaire Civic Center. July 23rd - special pre-sale event. Admission $20.00, proceeds go to SERVHAITI. Hors d'oeuvres will be served at 6:00 PM with shopping at 7:00 PM to 9:00 PM. July 24th - sale is open to all 8:00 AM - 8:00 PM July 25th - sale is open to all from 8:00 AM to 6:00 PM. Sale includes special fabric groupings at $6.00/yard, double wides at $10.00/yard and fabric from Moda, Quilting Ttreasures, Red Rooster, Benartex and more. Link to July calendar with the Fabriganza dates listed http://www.expressionsinthreads.com/module/events.htm?month=7&year=2015

July 24th - Wide River Winery - Live Music in the Courtyard - The Old 57's - 5-8p.m.

July 24th - Steventon's Sunset Concert on the Deck Live Music - Kerry & Rich Acoustic Duo - 6-9p.m.

July 27th - Economic Development Meeting City Hall - 8a.m.

July 31st - Ribbon Cutting - Abundant Health Chiropractic - Dr. Sinan Gocmen. Bettendorf. More information to come.

July 31st - Wide River Winery - Live Music in the Courtyard - H.C. Wallace - 5-8p.m.

July 31-Aug 2 - Princeton Days City Wide Activities!

July 31sty - FREE MOVIE NIGHT Zion Lutheran Church 204 Great River Road, Princeton - free lawn games and movie night for kids 7:00 -- 9:30 p.m. in conjunction with Princeton Days. Snacks and drinks will be provided while the children view the movie "Up". Join the fun while Mom and Dad spend time with friends on the River.

 

SAVE THE DATE

August 7th - First Friday in LeClaire

 

August 10th-11th - National Geographic Mississippi River Geotourism Community Outreach Meetings Jim Dion, Director of Tourism Projects, National Geographic Society, will return to the Quad Cities for a series of community outreach meetings, as a follow-up to the original meeting held here March 9-10. The community outreach meeting schedule follows:

Monday, Aug. 10, 5:30 p.m, LeClaire City Hall, 325 Wisconsin Street, LeClaire, Iowa

Tuesday, Aug. 11

8 a.m., Rogalski Center, Saint Ambrose University, Davenport, Iowa

11 a.m., Bier Stube, 415 15th Street, Moline, Illinois

1:30 p.m., Establishment Theatre, 220 19th Street, Rock Island, Illinois

3:30 p.m., Isle Center, Isle Casino Complex, 1777 Isle Parkway, Bettendorf, Iowa

Each meeting will last about 90 minutes and will inform local residents and businesses about the National Geographic Mississippi River Geotourism Project. Special emphasis will be given on participation in the project and adding content to the geotourism website. Residents are invited to nominate local businesses, landmarks, attractions, activities, events and local foods by November 1, 2015 at mississippiriver.natgeotourism.com The completed website is set to be launched in August 2016. To RSVP or for more information, contact: Joe Taylor at jtaylor@visitquadcities.com or (309) 736-6820

 

August 13th-15th - Tug Fest!

 

FYI

Zarubas will be closed for remodeling July 4th, reopening July 14th. We are so excited! We will be reopening with A new stylist to our salon, Anna Gimm.   She is coming from another local salon that recently closed. We do have one more chair open and looking for a nail tech to join our team.

 

American Pickers is looking for leads and would love to explore what you may have! They are on the hunt for interesting characters with interesting and unique items.  Some of what they look for: vintage bicycles, toys, unusual radios, movie memorabilia, advertising, military items, folk art, vintage musical equipment, vintage automotive items, early firefighting equipment, vintage clothing, pre-50's western gear. American Pickers is produced by Cineflix Productions for History. New episodes air Wednesdays at 9pm ET on History. If you have a large collection or want to refer someone to Mike and Frank, email: your name, number, address and description of the collection and photos to: americanpickers@cineflix.com , or call 1-855-old-rust.

 

Kiddie Karrasel, LeClaire - We are enrolling for Fall Pre-K for 4 year olds. Must be four by September 15. Extended care option available. 563-289-3946 www.kiddiekarraselacademy.com

Reusable Usables - Every Sunday at 1:30 RU features "Re-purposed Sunday Art" with a new re-purposed project each week!

Isabel Bloom Their birds are back! Purchase two or more birds and save 10%. Save $30 on the complete set of seven! Save $10 on their Heart of America Isabel Bloom Green Tree Plaque. To help support their endowment fund, the Friends of the Library have partnered up with Isabel Bloom to create the Green Tree Wall Plaque, on sale for $24, with part of the proceeds going toward the LeClaire Community Library's endowment. If you are interested in purchasing one of these plaques, please contact Becky Pilger at bekpilg71@aol.com or find them at the Library. Those who make a $1000 donation or more to the Library's endowment will receive a complimentary plaque as a thank you for supporting the library. www.leclairelibrary.org

 

Expressions in Threads - The Row by Row Experience is a nationwide event that runs from June 21st through September 8th in which participating shops create a unique quilt row created by each, individual shop, based on a central theme, this year's them is water. Customers can travel to participating shops like Expressions in Threads and collect the row we've created, along with our shop's license plate, specially designed for the Row by Row event. For more information, go to: http://www.expressionsinthreads.com/module/events.htm?year=2015&month=Jun&day=22&eventId=803020

Reusable Usables is sponsoring a meet-up group. Please join - it's FREE! www.meetup.com/Quad-Cities-Creative-Reuse/ Quad Cities Creative Re-users is a community for anyone that shares a passion or would like to learn more about reusing and re-purposing materials such as: scraps, leftovers, castoffs, found, re-purposed or recycled materials that might otherwise end up in the landfills. Reusable Usables Creative Arts Center will host fun networking events and offer opportunities for members to teach classes. Their group will offer adult events, family events, and events for children. They'll incorporate green living, cooking and gardening as well. No experience necessary. You are welcome to join their community of green-minded, creative re-users. Come inspire, learn, share, create, and play!

Sweet Dreams Guest House has vacancies for spring and summer bookings, but is filling up fast! Call 563-289-1339 to reserve your overnight stay.

Congratulations to Wide River Winery's wine making team Dorothy O'Brien and Kyle Frahm for winning the double gold medal at this year's Tasters Guild International Wine Competition! 1600 evaluations of wine from 7 countries and 32 states/providences were conducted by 30 experienced judges. Thanks to all of our loyal customers for making Pursuit of Happiness our #1 selling wine! Also, now available - Not Guilty. Long awaited and much anticipated sherry, Not Guilty, is now available only at the tasting rooms in Clinton and LeClaire.

First Presbyterian Church of LeClaire - Coming this fall: "A Nite for Nepal!" Watch for more info.

Bierstube Now Hiring! Bar Tenders, Barbacks, Wait Staff, Hosts, Cooks! Seeking experienced, energetic team oriented restaurant professionals! Apply in person, 1001 Canal Shore Drive, LeClaire, or online Bier-stube.com

Bierstube -

Summer Kitchen Hours

Sunday- 7am-10pm

Monday- Thursday 10:30am-10pm

Friday- 10:30am-12am

Saturday- 7am-12am

New Late night Happy Hour 9pm-1am!

Late night Menu available 9pm-12am!

 

Blue Iguana has new weekly drink specials:

Margarita Mondays - $2 Off Margaritas

Iguana Tuesdays - $4  Wanna Iguanas

Wednesday Wells - $3 Well Drinks

Thirsty Thursday - $4 MRDC Feature Drink

Feature Friday - $4 Featured Drink

Sangria Saturdays - $4 Pints/$14 Pitchers

Draft Sunday - $1 Off Draft Beers

 

Join Crane & Pelican Café every Thursday evening from 5-9pm for Sliders & Suds. For $10, you get three gourmet sliders with their house made chips, and for $5 you get three 8 oz. sample pours of beer!

 

Faithful Pilot - June, July, and August Specials - And Come Check Out Our New Menu!

Mondays - Half Priced Martini's

Tuesdays - Tequila Tuesday $5.00 unique, and interesting tequila cocktails for $5.00

Wednesday - Half Priced Bottle of Wine Night

Thursday - $1.00 Oysters & Buckets of Beer on the patio

Saturday - Saturday Brunch 11-2 - yes Brunch is back at The Pilot on Saturdays!

Sunday - reserved for wine tastings and private events.

 

Go Fish Marina Bar & Grill Summer Dinner Specials have started! Monday: Burger Baskets Tuesday: Tacos - Wednesday: 50 cent Wings - Thursday: BBQ Ribs - All day Sunday: Jumbo Peel 'n Eat Shrimp

 

Jones St. Java House has fresh, tasty wraps for lunch in addition to morning pastries, coffee, tea, and other beverages.

 

Princeton Community Center The fourth Wednesday of each month through October we will have An Afternoon of Euchre beginning around 12:30 p.m.  Anyone interested in lunch can meet at 11:30 a.m. and we will order from Go Fish (lunch is on their own) and have it delivered to the Center with Euchre to start after that. Zion Lutheran co-sponsors the event.  There will be coffee and dessert included.  There will be no fee to play, just enjoy a fun afternoon near the Mississippi.

 

Visit the LeClaire Chamber of Commerce website www.leclairechamber.com and see us on Facebook!

If you would like to attend a Chamber Board Meeting in order to present a topic, please contact the Board in advance at LeClaireChamber@gmail.com in order to be included an upcoming agenda. You will be contacted with confirmation of being included in the agenda. Board Meetings are held the 4th Tuesday of each month, 8a.m. at LeClaire City Hall.

SERVING THE COMMUNITY AND BEYOND

Pick up the new LeClaire information guide at the LeClaire Information Center. It has many photos and great information for everyone including residents, potential residents, visitors, realtors, relocation personnel, schools, and more! Summer hours have started: Monday-Saturday 10am-4pm; Sunday 1-4pm. 122 N. Cody Road. LIC Volunteers Needed! Contact Cindy Bruhn at info@visitleclaire.com or 563-650-7963 to volunteer.

PROPERTY LISTINGS

 

The shop building with upstairs apt. at 123 S Cody is for sale. For information please call D.R. Peterson at 563-289-5958.

 

Riverview Apartment for Rent - Downtown LeClaire. One Bedroom. $1250/month. Call 563-940-3742 for more information.

Commercial Property for Rent - 1405 Eagle Ridge Road, LeClaire. 2,500 SF newly constructed office/retail space. Co-Tenant Snap Fitness. Owner will subdivide space. Private parking lot. ADA compliant. Contact: Meg Halligan, NAI Ruhl Commercial Company, mhalligan@ruhlcommercial.com, Office: 563-355-4000 Website Link: http://www.ruhlcommercial.com/Page/Property.aspx?mls=7032508

Commercial Property for Sale 613-617 N Cody Road, LeClaire IA 52753. Contact Jeff R. Heuer, NAI Ruhl Commercial Company, jheuer@ruhlcommercial.com, Office: 563-355-4000, Direct: 563-823-5107.

Commercial Property for Sale Cody Road, LeClaire IA 52753. Description: contact John G. Ruhl, NAI Ruhl Commercial Company, jruhl@ruhlcommercial.com, Office: 563-355-4000, Direct: 563-823-5126.

Commercial Property Available Eagle Ridge Road, LeClaire, Iowa. Please call: Mike Burke - Mel Foster Co. mburke@melforsterco.com, Mobile: 563-349-2705, Direct: 563-823-5272

Do you have Residential or Commercial property available? Please contact the LeClaire Chamber of Commerce, leclairechamber@gmail.com, with a property description, complete contact information including phone numbers and rental or purchase pricing.

LECLAIRE EVENTS COMING UP!

July 11th - Cars and Coffee on the River

August 1st - Heartland British Auto Fest - LeClaire Levee

August 29th - Vettes on the River - LeClaire Levee

August 13-15 - Tug Fest

October 11 - LeClaire Apple Fest 11am to 4pm on the LeClaire Levee.  More to come!

CHAMBER NETWORKING EVENTS - EVERYONE WELCOME!

July 14th - Blue Iguana - Lunch - noon

August 11th - McDonald's - Breakfast - 8a.m.

September 8th - Steventon's - Evening Event - 5:30p.m.

On Saturday, July 18, 2015 from 2-6 p.m. The District will host a Homebrew event on the Great River Plaza in downtown Rock Island. Rivers Edge Homebrew Festiv-Ale is the first of its kind in downtown Rock Island; this event will feature over a dozen homebrew clubs from around the Midwest with over fifty different brews to sample. Attendees will receive fifteen sample tickets, a raffle ticket, and a Rivers Edge Homebrew Festiv-Ale commemorative glass (while supplies last) with paid admission.

An exciting element of this brand new event will be a special tapping of the Reverse Collaboration Series featuring pro brewers from local breweries including: Bent River Brewing Company, Blue Cat Brew Pub, Radicle Effect Brewerks, and Great River Brewery. Pretzel necklaces will also be given to the first 200 attendees through the gate. A limited supply of special edition mustard from Boetge's will be available with a purchase of a hot pretzel from Rock Island Brewing Company.

Attendees must be 21 years of age or older, and have a valid ID. Tickets are $20 in advance, and $25 the day of the event. Advance tickets can be purchased at Rock Island Brewing Company, Ragged Records, and Midwestix.com.

For more information visit www.ridistrict.com

Rivers Edge Homebrew Festiv-Ale is presented by The Downtown Rock Island Arts & Entertainment District, and sponsored by Rock Island Brewing Company, MUGZ, and Rivers Edge Fermentation Society.

The Downtown Rock Island Arts & Entertainment District (The District) is a 501(c) 6 not-for-profit organization established in 1992 by local downtown merchants. The District's mission is to establish and manage downtown Rock Island as a creative and innovative experience by focusing on the development of the arts and quality special event management. It features retail shops, excellent restaurants, live entertainment, dinner theater, art galleries and several entertainment venues. Rock Island is located on the Mississippi River, three hours west of Chicago in an area known as the Quad-Cities which straddles the river and the Illinois/Iowa border. It is at the intersection of Interstate highways 74, 88 and 80 and is served by Quad City International Airport in Moline, Il.

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Rock Island, IL: Teens with a taste for Japanese-style animation, called anime, can explore their interests next Tuesday with a free Teen Anime Night from 6:00 to 7:30 pm at the Rock Island Library.

The free event for ages 12 to 18 will be held at the Main Library building downtown, 401 19th Street.

Activities at the July 14 event include munching on Japanese snacks, learning how to write Japanese characters, and watching selections from Crunchyroll, a popular anime-streaming website. Many anime titles are based on Japanese comic books known as manga, including Attack on Titan, Blue Exorcist and Tokyo Ghoul.

The library's Every Hero Has a Story for children and Escape the Ordinary teen and adult reading contests run until July 18. The reading incentives and more than 60 free events for all ages help keep children, teens and adults active, productive and learning over the summer.

For more information about Rock Island Library services and programs, visit the library's online branch at www.rockislandlibrary.org, call 309-732-READ, or follow the library on Facebook or Twitter.

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Founded in 1872, the Rock Island Public Library provides resources to enhance personal achievement and stimulate through the Main, 30/31 and Southwest Branches, community outreach efforts, and online opportunities.

SPRINGFIELD - Lance Trover, spokesman for Governor Bruce Rauner, issued the below statement following the Illinois House's partisan vote to pass another unbalanced and unconstitutional budget plan:

"Voting to spend money the state doesn't have is the cause of Illinois' financial crisis. Today, Speaker Madigan and the legislators he controls irresponsibly voted for yet another unbalanced budget plan.

"We saw today that Speaker Madigan can force 70 legislators to join him in voting for an unconstitutional budget.  We also saw the Speaker's unwillingness to hold a vote on a tax increase that, absent reform, would suffer bipartisan defeat.

"The Speaker's failure to take up an accompanying revenue plan is a clear signal that rank-and-file members of the General Assembly understand that reform is necessary. It's time to end the status quo and get serious about fixing our state."

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MOLINE, Illinois (June 24, 2015) - Kids of all ages are invited to come play and learn about a day in the life of John Deere customers at the John Deere Pavilion's annual Learn & Play Day on Saturday, July 18 from 10 a.m. to 4 p.m.  At this free event, children will learn about life on a farm, see what it's like to work on a construction site, explore the world of forestry and more.

For hands-on fun, kids can test their driving skills in a battery-powered Gator™ obstacle course or put their muscles to work in a pedal-powered tractor pull. Other special exhibits include a petting zoo and a construction zone to test toy equipment in sand. Kids who complete all the "chores" in our Little Johnny's Farm area, including milking a cow (not a real one), will receive a special treat. Blacksmith demonstrations will also be conducted on site throughout the day.

"This is our biggest event of the year and we love bringing this learning opportunity to families because it's a great way to show kids how we are all linked to the land through agriculture, construction and forestry," said Kristen Veto, Assistant Manager of the John Deere Pavilion. "We always have plenty for children to do at the John Deere Pavilion, particularly with our newly expanded John Deere Discovery Zone, but on this day we celebrate with special activities both inside and outside our facility and it will provide hours of learning and fun for the whole family."

Also featured throughout the day will be a variety of informational booths from ag-related organizations including the Rock Island Farm Bureau, Rock Island 4H & Extension, Fischer's Honey Farm, and Country Corner.

The John Deere Pavilion Learn & Play Day is open to the public and is free of charge. The John Deere Pavilion is located at 1400 River Road in Moline. For more information, please call 309-765-1000 or visit us online at www.JohnDeerePavilion.com.

 

About the John Deere Pavilion

Located along the shores of the Mississippi River near the company's original Moline plow factory, the John Deere Pavilion has attracted more than three million guests from around the world since it opened in 1997. The 14,000-square-foot, glass- and steel-enclosed structure features a wide variety of fun and informative hands-on exhibits about Deere & Company's global businesses and products, its rich history and heritage, and how it's helping meet the challenges of a growing global population. The John Deere Pavilion is a free attraction and is open to the public year-round. For more information call 309-765-1000 or visit us online at www.JohnDeerePavilion.com.

 

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Spend more time outside with the Live Uncommon Series on the Figge Plaza! LU is inviting Bix @ 6 runners to start and finish their training run tonight at the Figge. Runners who land on the Bechtel Plaza between 5:30 p.m. and 7:30 p.m. get a FREE tee, drink ticket, and entry to the Live Uncommon Summer Series Finale event on September 5th. Also at 5:30 p.m. on Thursday is FREE swing dancing lessons on the plaza- partner and experience not required!
Live Uncommon also plays host to a Saturday full of FREE and awesome activities for the whole family this weekend. The fun starts at 10 a.m. with FREE yoga on the Figge Plaza followed by a free cirque de soleil-type performance and interactive circus workshop by Fire in the Sky QC. Come on back at 3 p.m. for a free hip hop performance and interactive workshop with Rushour Dance. Bring a chair, the kids, a date, a camera, and whatever else you may need for this wicked good time!
For more events and activities, please click here
Please join us for cocktails,
hors d'oeuvres, and music to celebrate the grand re-opening of
Beréskin Fine Art Gallery & Studio.
This event is invitation only.
Be among the first to preview brand new art from our celebrated artists.
July 18, 2015
Open House Reception 6 - 9 PM
Beréskin Fine Art Gallery & Studio

225 E. 2nd Street

Suites 102 & 104
Davenport, IA 52801

Bipartisan bill would raise SEC's limits on securities fines, tie penalties to scope of harm, and crackdown on repeat offenders

WASHINGTON, DC - In an effort to protect investors and strengthen oversight and accountability of Wall Street, U.S. Senators Jack Reed (D-RI) and Chuck Grassley (R-IA) are introducing bipartisan legislation to strengthen the Securities and Exchange Commission's (SEC) ability to crack down on violations of securities laws.

The Stronger Enforcement of Civil Penalties Act (SEC Penalties Act) of 2015 updates and strengthens the SEC's civil penalties statute by increasing the statutory limits on civil monetary penalties, directly linking the size of these penalties to the scope of harm and associated investor losses, and substantially raising the financial stakes for repeat securities law violators.

Under existing law, the SEC in some cases can only penalize individual violators a maximum of $160,000 per offense and institutions $775,000.  In other cases, the SEC may calculate penalties to equal the gross amount of ill-gotten gain, but only if the matter goes to federal court, not when the SEC handles a case administratively.  The SEC Penalties Act increases the per-violation cap applicable to the most serious securities laws violations to $1 million per violation for individuals, and $10 million per violation for entities.  It would also triple the penalty cap for recidivists who have been held criminally or civilly liable for securities fraud within the preceding five years.  The agency would be able to assess these types of penalties in-house, and not just in federal court.

"This bipartisan bill gives the SEC the firepower it needs to crack down on Wall Street fraud and punish repeat offenders.  More than half of all U.S. households own securities.  They depend on the market to help secure their retirement and send their kids to college.  They shouldn't have to suffer undue risk or incur losses while securities law violators get away with a slap on the wrist.  Investors deserve real protection, and the law needs to change to ensure the punishment fits the crime.  This bill gives the SEC more tools to demand meaningful accountability from Wall Street," said Reed, a senior member of the Senate Banking Committee.  "I am pleased to be joined by Senator Grassley in this bipartisan effort to enhance the SEC's ability to protect investors and crack down on fraud."

"If a fine is just decimal dust for a Wall Street firm, that's not a deterrent," Grassley said.  "It's just the cost of doing business.  A penalty should mean something, and it should get the recidivists' attention.  I especially like the increased penalties for repeat offenders in this bill.   That should help change the dynamic of business as usual.  If this legislation is enacted, as I hope it will be, I expect the SEC to use these new penalties.  The SEC doesn't always use all of the penalties at its disposal, and it should."

SUMMARY: The SEC Penalties Act of 2015

 

Update Civil Money Penalties for Securities Law Violations. The bill modernizes and updates the maximum money penalties that may be obtained from individuals and entities charged with securities law violations in administrative and civil actions.

 

Most Serious Violations. The maximum penalty for an individual charged with the most serious violations (i.e., third tier violations involving fraud, deceit, manipulation, or deliberate or reckless disregard of a regulatory requirement that resulted in substantial losses to victims or substantial pecuniary gain to the violator) could not exceed, for each violation, the greater of (i) $1 million, (ii) three times the gross pecuniary gain, or (iii) the losses incurred by victims as a result of the violation.  The maximum amount that could be obtained from entities charged with the most serious violations could not exceed, for each violation, the greater of (i) $10 million, (ii) three times the gross pecuniary gain, or (iii) the losses incurred by victims as a result of the violation.

Other Violations. The maximum penalties for individuals and entities charged with other violations would be revised as follows:

1.               The maximum penalty for an individual charged with less serious violations involving fraud, deceit, manipulation, or deliberate or reckless disregard of a regulatory requirement (i.e., second tier violations) could not exceed, for each violation, $100,000 or the gross pecuniary gain as a result of the violation in some cases.  The maximum penalty that could be obtained from entities charged with these violations could not exceed, for each violation, $500,000 or the gross pecuniary gain as a result of the violation in some cases.

2.               The maximum penalty for an individual charged with violations not involving fraud, deceit, manipulation, or deliberate or reckless disregard of a regulatory requirement (i.e., first tier violations) could not exceed, for each violation, $10,000 or the gross pecuniary gain as a result of the violation in some cases.  The maximum penalty that could be obtained from entities charged with these violations could not exceed, for each violation, $100,000 or the gross pecuniary gain as a result of the violation in some cases.

Penalties for Recidivists. The maximum amount of the penalty for repeated misconduct shall be three times the applicable cap when the person or entity within the five years preceding the act or omission is held criminally or civilly liable for securities fraud.

Violations of Injunctions or Bars. The bill provides authority to seek civil penalties for violations of previously imposed injunctions or bars obtained or entered under the securities laws.  It also provides that each violation of an injunction or order shall be considered a separate offense.  However, in the event of an ongoing failure to comply with an injunction or order, each day of the continued failure to comply with the injunction or order shall be considered a separate offense.

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