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United States · Bill · HR

H.R. 1712 (119th)

MEME Act

referredUnited States· United States Congress· EN

Introduced

27 February 2025

Last action

27 February 2025 · Introduced

Status

Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on the Judiciary, and House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Sponsors

Rep. Liccardo, Sam T. [D-CA-16], Rep. Khanna, Ro [D-CA-17], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Mullin, Kevin [D-CA-15], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Thanedar, Shri [D-MI-13], Rep. Torres, Norma J. [D-CA-35], Rep. Carson, André [D-IN-7], Rep. Swalwell, Eric [D-CA-15], Rep. Peters, Scott H. [D-CA-50], Rep. Soto, Darren [D-FL-9], Rep. Elfreth, Sarah [D-MD-3], Rep. Garamendi, John [D-CA-8], Rep. Barragán, Nanette Diaz [D-CA-44], Rep. Olszewski, Johnny [D-MD-2], Rep. Lieu, Ted [D-CA-36], Rep. Goldman, Daniel S. [D-NY-10], Rep. Smith, Adam [D-WA-9], Sylvester Turner, Rep. Tlaib, Rashida [D-MI-12], Rep. Pettersen, Brittany [D-CO-7], Rep. Morrison, Kelly [D-MN-3], Rep. Garcia, Robert [D-CA-42], Rep. Vargas, Juan [D-CA-52], Rep. Quigley, Mike [D-IL-5], Rep. Auchincloss, Jake [D-MA-4], Rep. Panetta, Jimmy [D-CA-19], Rep. Bynum, Janelle S. [D-OR-5], Rep. Budzinski, Nikki [D-IL-13], Rep. Costa, Jim [D-CA-21], Rep. Salinas, Andrea [D-OR-6], Rep. Magaziner, Seth [D-RI-2], Rep. McGovern, James P. [D-MA-2], Rep. Foushee, Valerie P. [D-NC-4]

Subjects

Discovery layer

Source updated

11 February 2026

Official sourceDownload fileView documentsShare

Summary

Modern Emoluments and Malfeasance Enforcement Act or the MEME Act This bill prohibits the President, the Vice President, Members of Congress, those holding Senior Executive Service positions, admirals, generals, and other federal public officials from engaging in or benefiting from the issuance, sponsorship, or promotion of certain assets. The spouse and dependent children of such an official are also covered by the prohibition. Assets covered by the bill are securities, security futures, commodities, digital assets such as cryptocurrency or a meme coin, as well as derivatives, options, warrants, mutual funds, or exchange traded funds of the preceding assets. The prohibition applies to (1) such officials during their term of service and for 180 days prior to and after their service, and (2) the spouse and dependent children of such an official during that same period. Civil and criminal penalties under the bill include disgorging (giving) to the Treasury any profits from prohibited transactions, fines, and imprisonment for up to five years. The bill provides additional penalties for such prohibited activities if they involve bribery or insider trading. The U.S. Office of Special Counsel may also determine that federal employees or officers serving in other positions are covered by the prohibition.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 27 February 2025

    Introduced

    Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on the Judiciary, and House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Source: IntroReferral

  2. 27 February 2025

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 27 February 2025

    Introduced

    Sponsor introductory remarks on measure. (CR H893)

    Source: IntroReferral

  4. 27 February 2025

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

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Documents

2 official files

Introduced in House

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  • Introduced in House

    Introduced in House · EN · 27 February 2025

    ViewDownloadOpen at official source

  • Introduced in House

    summary · EN · 27 February 2025

    Open at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

Related records

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Sources

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