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MEME Act

In committee: it can still change before the session ends.

US S 1620 · Senate Bill · 119th Congress

Stage
In committee
Started in
Senate
Sponsors
4
Latest action
May 6, 2025

What it does

Modern Emoluments and Malfeasance Enforcement Act or the MEME Act This bill prohibits the President, the Vice President, Members of Congress, those holding Senior Executive Service positions, admirals, generals, and other federal public officials from engaging in or benefiting from the issuance, sponsorship, or promotion of certain assets. The spouse and dependent children of such an official are also covered by the prohibition. Assets covered by the bill are securities, security futures, commodities, digital assets such as cryptocurrency or a meme coin, as well as derivatives, options, warrants, mutual funds, or exchange traded funds of the preceding assets. The prohibition applies to (1)…

Official summary · Introduced in Senate · May 6, 2025

Titles and provisions can change as the bill moves.

Read the full textRead it on the official site

Where it stands

  1. Introduced (Done)

    May 6, 2025

  2. Committee (Current step)

    In committee · May 6, 2025

  3. Floor (Not started)

  4. Law (Not started)

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

In the news

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Where it goes next

While a bill can still move, the questions are about people and money.

Work with this bill

MEME Act | 52