HR 1712 119th Congress House Government Operations and Politics 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

MEME Act

Introduced: May 23, 2025 Introduced by: Liccardo, Sam T. Democratic · California See on congress.gov

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

Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

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.

What's happening now February 27, 2025

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 13

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

COMMON CAUSE
for COMMON CAUSE · District of Columbia · 1st Quarter (Jan 1 - Mar 31) 2026
COMMON CAUSE
for COMMON CAUSE · District of Columbia · 4th Quarter (Oct 1 - Dec 31) 2025
BLOCKCHAIN ASSOCIATION
for BLOCKCHAIN ASSOCIATION · District of Columbia · 4th Quarter (Oct 1 - Dec 31) 2025
COMMON CAUSE
for COMMON CAUSE · District of Columbia · 3rd Quarter (July 1 - Sep 30) 2025
BLOCKCHAIN ASSOCIATION
for BLOCKCHAIN ASSOCIATION · District of Columbia · 3rd Quarter (July 1 - Sep 30) 2025
SOLANA POLICY INSTITUTE
for SOLANA POLICY INSTITUTE · Virginia · 3rd Quarter (July 1 - Sep 30) 2025