H.R. 1712 119th Congress House

MEME Act

Official title: To amend chapter 131 of title 5, United States Code, with respect to prohibited financial transactions.

Introduced: February 27, 2025 Introduced by: Sam T. Liccardo Democratic · California See on congress.gov

Government Operations and Politics Business ethicsCivil actions and liabilityCommodities marketsFamily relationships

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Federal officialsFinancial services and investmentsGovernment employee pay, benefits, personnel managementGovernment ethics and transparency, public corruptionPresidents and presidential powers, Vice PresidentsSecurities

Everywhere this bill has been 3 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Feb 27, 2025

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.

Feb 27, 2025

Sponsor introductory remarks on measure. (CR H893)

Feb 27, 2025

Introduced in House

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What's happening now February 27, 2025

Plain-English summary Congressional Research Service

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.

Bill text 1 version

Introduced in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 3

Committee on House Administration
House of Representatives
Judiciary Committee
House of Representatives
Oversight and Government Reform Committee
House of Representatives

Lobbying activity 15

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

COMMON CAUSE
for COMMON CAUSE · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
COMMON CAUSE
for COMMON CAUSE · District of Columbia · 2nd Quarter 2026 (Apr 1 - June 30)
COMMON CAUSE
for COMMON CAUSE · District of Columbia · 1st Quarter 2026 (Jan 1 - Mar 31)
COMMON CAUSE
for COMMON CAUSE · District of Columbia · 4th Quarter 2025 (Oct 1 - Dec 31)
BLOCKCHAIN ASSOCIATION
for BLOCKCHAIN ASSOCIATION · District of Columbia · 4th Quarter 2025 (Oct 1 - Dec 31)
COMMON CAUSE
for COMMON CAUSE · District of Columbia · 3rd Quarter 2025 (July 1 - Sep 30)

Bodies those filers lobbied

HOUSE OF REPRESENTATIVES
15 filings
SENATE
15 filings
Election Assistance Commission (EAC)
8 filings
Federal Communications Commission (FCC)
8 filings
White House Office
4 filings
Justice, Dept of (DOJ)
3 filings
Executive Office of the President (EOP)
1 filing
Federal Reserve System
1 filing

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

See all 15 filings →

Cosponsors 33