# 119-hr-1712: MEME Act

119-hr-1712, MEME Act, is a 119th Congress bill sponsored by Rep. Liccardo, Sam T. [D-CA-16] (D-CA); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-1712
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-1712
- Congress: 119
- Title: MEME Act
- Status: introduced
- Introduced: 2025-02-27
- Sponsor: Rep. Liccardo, Sam T. [D-CA-16] (D-CA)
- Cosponsors: 33
- Policy area: Government Operations and Politics
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Ban on public office holders promoting covered financial assets for personal gain.** This bill would bar Presidents, Members of Congress, other public officials, and certain high-level aides or relatives from issuing, sponsoring, or promoting defined securities, commodities, digital assets, or their derivatives around their service period and attach civil and criminal penalties. - Federal officeholders would be prohibited from issuing, sponsoring, or promoting covered assets during their term and for 180 days before and after service. Violations could trigger civil penalties up to $250,000 and disgorgement of profits to the U.S. Treasury. - Senior Executive Service officials, flag officers at O-7 or above, and their spouses and dependent children are treated as "adjacent individuals" and would face the same transaction ban with limited exceptions and potential liability. - Investors, competitors, or other harmed parties could sue for damages and equitable relief. The Attorney General can bring civil suits. Criminal penalties include fines or up to five years in prison if conduct causes $1 million or more in public losses or involves bribery or insider trading.

## Cosponsors (33)

- Rep. Khanna, Ro [D-CA-17] (D-CA), 2025-02-27T00:00:00.000Z
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2025-02-27T00:00:00.000Z
- Rep. Mullin, Kevin [D-CA-15] (D-CA), 2025-02-27T00:00:00.000Z
- Rep. Grijalva, Raúl M. [D-AZ-7] (D-AZ), 2025-02-27T00:00:00.000Z
- Rep. Thanedar, Shri [D-MI-13] (D-MI), 2025-02-27T00:00:00.000Z
- Rep. Torres, Norma J. [D-CA-35] (D-CA), 2025-02-27T00:00:00.000Z
- Rep. Carson, André [D-IN-7] (D-IN), 2025-02-27T00:00:00.000Z
- Rep. Swalwell, Eric [D-CA-14] (D-CA), 2025-02-27T00:00:00.000Z
- Rep. Peters, Scott H. [D-CA-50] (D-CA), 2025-02-27T00:00:00.000Z
- Rep. Soto, Darren [D-FL-9] (D-FL), 2025-02-27T00:00:00.000Z
- Rep. Elfreth, Sarah [D-MD-3] (D-MD), 2025-02-27T00:00:00.000Z
- Rep. Garamendi, John [D-CA-8] (D-CA), 2025-02-27T00:00:00.000Z
- Rep. Barragán, Nanette Diaz [D-CA-44] (D-CA), 2025-02-27T00:00:00.000Z
- Rep. Olszewski, Johnny [D-MD-2] (D-MD), 2025-02-27T00:00:00.000Z
- Rep. Lieu, Ted [D-CA-36] (D-CA), 2025-02-27T00:00:00.000Z
- Rep. Goldman, Daniel S. [D-NY-10] (D-NY), 2025-02-27T00:00:00.000Z
- Rep. Smith, Adam [D-WA-9] (D-WA), 2025-02-27T00:00:00.000Z
- Sylvester Turner (D-TX), 2025-02-27T00:00:00.000Z
- Rep. Tlaib, Rashida [D-MI-12] (D-MI), 2025-03-27T00:00:00.000Z
- Rep. Pettersen, Brittany [D-CO-7] (D-CO), 2025-03-27T00:00:00.000Z
- Rep. Morrison, Kelly [D-MN-3] (D-MN), 2025-05-14T00:00:00.000Z
- Rep. Garcia, Robert [D-CA-42] (D-CA), 2025-05-19T00:00:00.000Z
- Rep. Vargas, Juan [D-CA-52] (D-CA), 2025-05-23T00:00:00.000Z
- Rep. Quigley, Mike [D-IL-5] (D-IL), 2025-05-29T00:00:00.000Z
- Rep. Auchincloss, Jake [D-MA-4] (D-MA), 2025-07-10T00:00:00.000Z
- Rep. Panetta, Jimmy [D-CA-19] (D-CA), 2025-07-15T00:00:00.000Z
- Rep. Bynum, Janelle S. [D-OR-5] (D-OR), 2025-07-15T00:00:00.000Z
- Rep. Budzinski, Nikki [D-IL-13] (D-IL), 2025-07-15T00:00:00.000Z
- Rep. Costa, Jim [D-CA-21] (D-CA), 2025-07-16T00:00:00.000Z
- Rep. Salinas, Andrea [D-OR-6] (D-OR), 2025-09-03T00:00:00.000Z
- Rep. Magaziner, Seth [D-RI-2] (D-RI), 2025-09-04T00:00:00.000Z
- Rep. McGovern, James P. [D-MA-2] (D-MA), 2025-09-08T00:00:00.000Z
- Rep. Foushee, Valerie P. [D-NC-4] (D-NC), 2025-09-16T00:00:00.000Z

## Provisions PRIA read

- Criminal penalties for knowing violations by officials: cost, low. If enacted, officials who knowingly break the ban and cause $1,000,000 or more in public losses, or who benefit from the violating asset, could face criminal charges. Punishment could include fines under title 18 and up to five years in prison. The bill ties certain corrupt payments and related sec…
- Limits on officials promoting or issuing assets: cost, low. The bill would bar certain officials from issuing, sponsoring, or promoting investments for pay. It would cover the President, Vice President, public officials, some senior executive staff, and military officers at O-7 or higher, plus their spouse and dependent child. The ban would apply during ser…
- Civil fines and investor lawsuits against officials: mixed, low. If enacted, the Attorney General could sue violators in federal court. Courts could fine up to $250,000 per violation and force them to give up profits to the U.S. Treasury, even if the asset was issued before this bill. Investors, competitors, and other harmed parties could sue for money and other…

## Related bills

- 119-hr-8800: National Defense Authorization Act for Fiscal Year 2027
- 119-hr-51: Washington, D.C. Admission Act
- 119-hr-1589: American Dream and Promise Act of 2025
- 119-hr-1564: Ethan's Law
- 119-hr-1101: Taxpayer Data Protection Act
- 119-hr-7973: Momnibus Act

## Sources
- [119-hr-1712 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/1712)

## Related
- [119-hr-8800: National Defense Authorization Act for Fiscal Year 2027](https://policyrisk.com/legislation/119-hr-8800)
- [119-hr-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-hr-51)
- [119-hr-1589: American Dream and Promise Act of 2025](https://policyrisk.com/legislation/119-hr-1589)
- [119-hr-1564: Ethan's Law](https://policyrisk.com/legislation/119-hr-1564)
- [119-hr-1101: Taxpayer Data Protection Act](https://policyrisk.com/legislation/119-hr-1101)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-1712 (as of 2026-04-21).