S. 1620In Committee
MEME Act
Prohibit senior federal officials and their immediate families from issuing, sponsoring, promoting, or profiting from securities, commodities, digital assets, and related financial instruments during and around government service
Plain-English overview
What this bill does
Prohibit senior federal officials and their immediate families from issuing, sponsoring, promoting, or profiting from securities, commodities, digital assets, and related financial instruments during and around government service
Key points
- Require disgorgement of profits
- Prohibit covered asset involvement
- Authorize fines and imprisonment
- Extend restrictions to families
Current status
Where it stands
Status
In Committee
Latest action
2025-05-06 — Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Related context
Topics and policy areas
undefinedFinance and Financial Sector