3.0.0 1620 2026-02-25T20:28:44Z 2026-02-25T20:28:44Z Senate S S 2025-05-06 119 https://www.congress.gov/bill/119th-congress/senate-bill/1620 ssga00 Homeland Security and Governmental Affairs Committee Senate Standing Referred To 2025-05-06T18:53:12Z 2025-05-06 ssga00 Homeland Security and Governmental Affairs Committee Senate Read twice and referred to the Committee on Homeland Security and Governmental Affairs. IntroReferral 2025-05-06 Introduced in Senate IntroReferral 10000 9 Library of Congress M001169 Sen. Murphy, Christopher [D-CT] Christopher Murphy D CT S. N B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT 2025-05-14 False W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. 2025-06-02 False P000595 Sen. Peters, Gary C. [D-MI] Gary Peters D MI 2025-06-02 False Finance and Financial Sector Finance and Financial Sector 2025-05-27T14:43:50Z 00 2025-05-06 Introduced in Senate 2026-02-25T20:28:34Z 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.

]]> MEME Act Display Title 45 MEME Act 2025-06-03T11:03:18Z Short Title(s) as Introduced 101 MEME Act 2025-05-20T04:38:16Z Introduced in Senate IS Short Title(s) as Introduced 101 Modern Emoluments and Malfeasance Enforcement Act 2025-05-20T04:38:16Z Introduced in Senate IS Official Title as Introduced 6 A bill to amend chapter 131 of title 5, United States Code, with respect to prohibited financial transactions, and for other purposes. 2025-05-20T04:33:25Z Introduced in Senate IS Introduced in Senate 2025-05-06T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-119s1620is/xml/BILLS-119s1620is.xml 2025-05-06 Read twice and referred to the Committee on Homeland Security and Governmental Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.