S. 1620 119th Congress Senate

MEME Act

Official title: A bill to amend chapter 131 of title 5, United States Code, with respect to prohibited financial transactions, and for other purposes.

Introduced: May 6, 2025 Introduced by: Christopher Murphy Democratic · Connecticut See on congress.gov

Finance and Financial Sector

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

May 6, 2025

Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

May 6, 2025

Introduced in Senate

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What's happening now May 6, 2025

Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

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 Senate Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Homeland Security and Governmental Affairs Committee
Senate

Lobbying activity 11

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

BLOCKCHAIN ASSOCIATION
for BLOCKCHAIN ASSOCIATION · District of Columbia · 2nd Quarter 2025 (Apr 1 - June 30)
BLOCKCHAIN ASSOCIATION
for BLOCKCHAIN ASSOCIATION · District of Columbia · 3rd Quarter 2025 (July 1 - Sep 30)
BLOCKCHAIN ASSOCIATION
for BLOCKCHAIN ASSOCIATION · District of Columbia · 4th Quarter 2025 (Oct 1 - Dec 31)
GOLDSTEIN POLICY SOLUTIONS LLC
for DEFI EDUCATION FUND · Virginia · 3rd Quarter 2025 (July 1 - Sep 30)
BLOCKCHAIN ASSOCIATION
for BLOCKCHAIN ASSOCIATION · District of Columbia · 3rd Quarter 2025 (July 1 - Sep 30)
SOLANA POLICY INSTITUTE
for SOLANA POLICY INSTITUTE · Virginia · 2nd Quarter 2025 (Apr 1 - June 30)

Bodies those filers lobbied

HOUSE OF REPRESENTATIVES
11 filings
SENATE
11 filings
White House Office
8 filings
Treasury, Dept of
3 filings
Executive Office of the President (EOP)
1 filing
Natl Economic Council (NEC)
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 11 filings →

Cosponsors 3