HR 1712 · in committee · significant
MEME Act
- government reform
What this bill does
- This bill bans top federal officials and their families from issuing, sponsoring, or promoting cryptocurrencies, meme coins, and other financial assets.
- It applies to the President, Vice President, Congress members, senior executives, military officers, and their spouses and dependent children.
- Violations result in fines, up to 5 years imprisonment, and forfeiture of profits to the Treasury.
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Community Threads
Started by Cosponsor
- 01
How would this bill's restrictions on federal officials' cryptocurrency involvement affect their ability to hold diversified personal investments?
- 02
What evidence suggests that current ethics rules are insufficient to prevent conflicts of interest from officials promoting digital assets?
- 03
Should family members of federal employees face the same restrictions as the officials themselves, and what are the practical enforcement challenges?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · D-CA-16
Sam T. Liccardo
Citizen cosponsors
0
In Congress
33/ 435
House Reps cosponsoring
Introduced 2025-02-27
Joining the bill
Eleanor Holmes Norton
D-DC · original
Johnny Olszewski, Jr.
D-MD-2 · original
Ro Khanna
D-CA-17 · original
Kevin Mullin
D-CA-15 · original
André Carson
D-IN-7 · original
Sarah Elfreth
D-MD-3 · original
Nanette Diaz Barragán
D-CA-44 · original
Raúl M. Grijalva
D-AZ-7 · original
John Garamendi
D-CA-8 · original
Ted Lieu
D-CA-36 · original
Daniel S. Goldman
D-NY-10 · original
Scott H. Peters
D-CA-50 · original
+ 21 more
Legislative timeline
2025-02-27 · house · IntroReferral
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.
2025-02-27 · house · IntroReferral
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.
2025-02-27 · house · IntroReferral
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.
2025-02-27 · IntroReferral
Introduced in House
2025-02-27 · IntroReferral
Sponsor introductory remarks on measure. (CR H893)
2025-02-27 · IntroReferral
Introduced in House
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