H.R. 1712

119th Congress

In Committee

MEME Act

Sponsored byDemocrat:Rep. Liccardo, Sam [D-CA-16]CA· Introduced 27 février 2025
Open on Congress.gov

33

Cosponsors

6

Actions

0

Amendments

0

Committees

—

Since introduced

Introduced
Committee
Passed Chamber
Passed Both
Enacted
Step 1 of 0
Latest action

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.

27 février 2025·1 year ago

Summary

Introduced in House · Updated 11 février 2026

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.

Timeline

6 actions

  1. Sponsor introductory remarks on measure. (CR H893)

    27 février 2025 · IntroReferral

  2. 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.

    27 février 2025 · IntroReferral

  3. 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.

    27 février 2025 · IntroReferral

  4. 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.

    27 février 2025 · IntroReferral

  5. Introduced in House

    27 février 2025 · IntroReferral

  6. Introduced in House

    27 février 2025 · IntroReferral

Sponsorship

33 cosponsors

Sponsor

Democrat:Rep. Liccardo, Sam [D-CA-16]CA

Cosponsors

  • Democrat33100%

Classification

Policy area

Government Operations and Politics

Legislative subjects

Business ethicsCivil actions and liabilityCommodities marketsFamily relationshipsFederal officialsFinancial services and investmentsGovernment employee pay, benefits, personnel managementGovernment ethics and transparency, public corruptionPresidents and presidential powers, Vice PresidentsSecurities

Cosponsor momentum

Cumulative over time

Cosponsors grew from 18 on 27 février 2025 to 33 on 16 septembre 2025.

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