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Federal

No Fortune for Fraud Act

Source: Congress.gov  ·  474 words in original text
This bill prevents House members who are convicted of financial crimes or campaign finance violations from making money off books, media appearances, or creative works. The prohibition applies whether the member is currently serving or has already left office. ##
Members of the House of Representatives, including Delegates and Resident Commissioners to Congress, who are finally convicted of specific financial or campaign finance offenses. ##
• House members finally convicted of certain financial crimes or campaign finance violations cannot receive payment for biographies, media appearances, or expressive or creative works, either while serving or after leaving office (Sec. 2(a)) • The bill covers offenses listed in federal law regarding financial crimes and violations of the Federal Election Campaign Act of 1971 (Sec. 2(b)) • Anyone who violates this prohibition faces a civil money penalty of up to $10,000,000 for each violation (Sec. 2(c)) ##
If this becomes law, House members convicted of the covered offenses would be prohibited from earning compensation through books, media deals, or creative works for the rest of their lives. ##
"Member of the House of Representatives" includes Delegates and Resident Commissioners to Congress (Sec. 2(d)) ##
Not specified in bill text
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.