S 1620 · in committee · significant
MEME Act
- government reform
What this bill does
- Prohibits federal officials and their families from issuing, sponsoring, or promoting securities, cryptocurrencies, and other financial assets.
- Applies to the President, Vice President, Congress members, senior executives, military officers, and their spouses and dependent children.
- Violations result in returning profits to the Treasury, fines, and up to five years in prison, effective 180 days before and after service.
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Community Threads
Started by Cosponsor
- 01
How would this bill's restrictions on federal officials' financial activities affect recruitment and retention of talent in government positions?
- 02
What specific conflicts of interest is this bill designed to prevent, and how common are these situations currently?
- 03
Should the restrictions apply equally to all family members of federal officials, or should spouses and dependent children have different rules?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · D-CT
Christopher Murphy
Citizen cosponsors
0
In Congress
3/ 100
Senators cosponsoring
Introduced 2025-05-06
Joining the bill
Legislative timeline
2025-05-06 · senate · IntroReferral
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
2025-05-06 · IntroReferral
Introduced in Senate
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