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United States · Bill · S

S. 1620 (119th)

MEME Act

referredUnited States· United States Congress· EN

Introduced

6 May 2025

Last action

6 May 2025 · Introduced

Status

Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Sponsors

Christopher Murphy, Richard Blumenthal, Elizabeth Warren, Gary Peters

Subjects

Discovery layer

Source updated

25 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. 6 May 2025

    Introduced

    Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

    Source: IntroReferral

  2. 6 May 2025

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

Sponsors

Related records

No cross-record relationships stored yet.

Sources

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