HR. 1712In Committee
MEME Act
Prohibits senior federal officials and their immediate families from profiting from covered financial assets including digital assets such as meme coins, with civil and criminal penalties
Plain-English overview
What this bill does
Prohibits senior federal officials and their immediate families from profiting from covered financial assets including digital assets such as meme coins, with civil and criminal penalties
Key points
- Require disgorgement to Treasury
- Prohibit covered asset transactions
- Extend restrictions to families
- Increase penalties for bribery
Current status
Where it stands
Status
In Committee
Latest action
2025-02-27 — 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.
Related context
Topics and policy areas
undefinedBusiness ethicsCivil actions and liabilityCommodities marketsFamily relationshipsFederal officialsFinancial services and investmentsGovernment employee pay, benefits, personnel management