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Bill · HR

H.R. 1712 (119th)

MEME Act

Original

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

Sam Liccardo, Ro Khanna, Del. Norton, Eleanor Holmes [D-DC-At Large], Kevin Mullin, Raúl Grijalva, Shri Thanedar, Norma Torres, André Carson, Eric Swalwell, Scott Peters, Darren Soto, Sarah Elfreth, John Garamendi, Nanette Barragán, Johnny Olszewski, Ted Lieu, Daniel Goldman, Adam Smith, Sylvester Turner, Rashida Tlaib, Brittany Pettersen, Kelly Morrison, Robert Garcia, Juan Vargas, Mike Quigley, Jake Auchincloss, Jimmy Panetta, Janelle Bynum, Nikki Budzinski, Jim Costa, Andrea Salinas, Seth Magaziner, James McGovern, Valerie Foushee

Subjects

Government Operations and Politics

Source updated

11 February 2026

Government Operations and Politics

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

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

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

MEME Act — United States — PoliticalRepo