{"bill":{"id":"119-hr-1712","congress":119,"type":"HR","number":1712,"title":"MEME Act","originChamber":"House","introducedDate":"2025-02-27","sponsors":[{"bioguideId":"L000607","fullName":"Rep. Liccardo, Sam [D-CA-16]","party":"D","state":"CA","district":16}],"cosponsorsCount":33,"latestAction":{"actionDate":"2025-02-27","text":"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."},"policyArea":"Government Operations and Politics","subjects":["Business ethics","Civil actions and liability","Commodities markets","Family relationships","Federal officials","Financial services and investments","Government employee pay, benefits, personnel management","Government ethics and transparency, public corruption","Presidents and presidential powers, Vice Presidents","Securities"],"actions":[{"date":"2025-02-27","text":"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.","type":"IntroReferral","chamber":"House floor actions","hasVote":false},{"date":"2025-02-27","text":"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.","type":"IntroReferral","chamber":"House floor actions","hasVote":false},{"date":"2025-02-27","text":"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.","type":"IntroReferral","chamber":"House floor actions","hasVote":false},{"date":"2025-02-27","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false},{"date":"2025-02-27","text":"Sponsor introductory remarks on measure. (CR H893)","type":"IntroReferral","chamber":"Library of Congress","hasVote":false},{"date":"2025-02-27","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false}],"summary":"<p><strong>Modern Emoluments and Malfeasance Enforcement Act or the MEME Act</strong></p><p>This bill prohibits the President, the Vice&nbsp;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.</p><p>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.</p><p>The prohibition applies to (1) such officials during their term of service and for 180&nbsp;days prior to and after their service, and (2) the spouse and dependent children of such an official during that same period.</p><p>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.</p><p>The U.S. Office of Special Counsel may also determine that federal employees or officers serving in other positions are covered by the prohibition.</p>","updateDate":"2026-02-11T20:57:28Z"},"markets":[],"stateBills":[],"meta":{"sources":["congress.gov"],"latencyMs":475,"ts":"2026-04-19T08:25:07.163Z"},"nextActions":{"inspect":[],"related":[{"description":"Search related legislation","method":"GET","url":"/api/public/query-gov?q=MEME%20Act"}]}}