Contact Congress about H.R. 1712: MEME Act

The MEME Act would stop the President, VP, and senior federal officials from issuing or promoting financial products like crypto tokens and meme coins for personal gain. Violators face fines, profit clawbacks, and up to 5 years in prison.

Modern Action explains legislation in plain English, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.

MEME Act is a House bill in committee. The latest recorded action: 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.

Latest action on H.R. 1712: 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.

Who this affects: This bill targets the most powerful people in the federal government and their immediate families. It also creates new rights for investors and the public who might be harmed by officials promoting financial products.

Why this matters: In recent years, public officials and their families have increasingly promoted digital assets like meme coins and NFTs, raising concerns about conflicts of interest and market manipulation. This bill would set clear boundaries between public service and personal financial promotion, especially in the largely unregulated digital asset space.

Key provisions in H.R. 1712

• Bans the President, Vice President, certain public officials, senior executive branch employees, senior military officers (O-7+), and their spouses and dependent children from issuing, sponsoring, or promoting covered assets for financial gain.
• Covered assets include securities, commodity contracts, and digital assets like cryptocurrencies, meme coins, tokens, and NFTs, plus related products like derivatives, options, mutual funds, and ETFs.
• The ban applies during their service, for 180 days before starting, and for 180 days after leaving.
• Any action that encourages the sale of a covered asset — like advertising, promoting, soliciting, marketing, or endorsing it — counts as a violation if done for personal profit.
• The Attorney General can file civil lawsuits in federal court, and courts can impose fines up to $250,000 per violator.

How Modern Action helps you take action on H.R. 1712

You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.

Questions people ask about H.R. 1712

What is H.R. 1712?

The MEME Act would stop the President, VP, and senior federal officials from issuing or promoting financial products like crypto tokens and meme coins for personal gain. Violators face fines, profit clawbacks, and up to 5 years in prison.

How do I support or oppose H.R. 1712?

Choose support, oppose, or ask for changes on Modern Action. The action flow drafts the message for you and keeps the wording tied to this bill.

Who should I contact about H.R. 1712?

Modern Action uses your location to route the action to the congressional offices relevant to the bill and your representation.

Can Modern Action explain H.R. 1712 before I act?

Yes. Modern Action gives you a plain-English summary, current status, and action context before you send anything.