,,ii  #aai? ,,congress  #a/ ,session    
,s4 #bfhj  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,augu/ #b1 #bjbe ,mr4  
,cornyn 7= himself1 ,mrs4 ,fis*]1 ,mr4  
,wick]1 ,mr4 ,budd1 ,mr4 ,k5n$y1 ,mr4   
,ricketts1 & ,mr4 ,da9es7 introduc$ !   
foll[+ bill2 :i* 0 read twice & ref]r$  
to ! ,committee on ! ,judici>y  ,a      
,,bill  ,to e/abli% s5t5c+ enhancem5ts =
 (f5ses relat+ to bank1 mortgage1 cr$it1
 & tax fraud committ$ by elect$ public  
(ficials1 & = o!r purposes4  #a4  ,%ort 
title  ,?is ,act may be cit$ z ! ,law   
,en=cem5t ,tools to ,int]dict ,tr\bl+   
,inve/m5ts 9 ,abodes ,act or ! ,,letitia
 ,act4  #b4  ,f9d+s  ,x is ! s5se (     
,congress t3 7#a7 ,9 ! ,unit$ ,/ates1   
citiz5s elect civic & political lead]s  
to repres5t _! int]e/s & act on _!      
behalf4  7#b7 ,9 return = be+ giv5 ?is  
sacr$ tru/1 public (ficials are expect$ 
to fully adh]e to ! highe/ e?ical &     
moral /&>ds1 & mu/ dis*>ge _! duties    
fai?fully1 hone/ly1 & imp>tially1 free f
 any p]sonal consid]ations or ga94  7#c7

 ,public s]vice is a public tru/1 & !   
,gov]nm5t only functions :5 !re is tru/ 
betwe5 ! electorate & public (ficials4  
7#d7 ,:5 public (ficials abuse ! fai? t 
citiz5s place 9 !m by committ+ crimes ( 
di%one/y or moral turpitude1 !y betray  
bo? _! (fice & ! public1 & des]ve       
height5$ puni%m5t4  7#e7 ,fraud is1 at  
its core1 a crime ( di%one/y4  7#f7     
,mortgage1 bank1 cr$it1 & tax frauds    
require deception & lies1 & h>m ! victim
 f9ancial in/itutions1 inve/ors1 & !    
broad] public4  7#g7 ,!re=e1 public     
(ficials :o commit ^! crimes des]ve     
puni%m5ts above & beyond :at a normal   
citiz5 %\ld receive4  7#h7 ,su* puni%m5t
 mu/ include m&atory m9imum s5t5ces (   
imprisonm5t = any public (ficial to     
ensure t !y _c abuse _! positions (     
influ5ce to cut swee!>t or backroom     
deals t ! av]age citiz5 w\ld be unable  
to make4  7#i7 ,if a public (ficial     
commits multiple frauds1 demon/rat+ a   
patt]n & practice ( di%one/1 une?ical1 &
 illegal behavior1 ju/ice dem&s t !     

public (ficial %\ld face ev5 h>%]       
m&atory p5alties4  7#aj7 ,no p]son is   
above ! law1 & public (ficials :o commit
 fraud mu/ be held to acc\nt4 ,integrity
 matt]s4  #c4  ,enhanc$ p5alties =      
public (ficials :o commit bank fraud    
,section #acdd ( title #ah1 ,unit$      
,/ates ,code1 is am5d$--  7#a7 9 ! matt]
 prec$+ p>agraph 7#a71 by /rik+ ,:oev]  
kn[+ly executes1 or attempts to execute1
 & ins]t+ ! foll[+3  7a7  ,(f5se  ,x    
%all be unlawful to kn[+ly execute1 or  
attempt to execute1  2  7#b7 9          
subsection 7a77#b71 z s designat$ by    
p>agraph 7#a71 by /rik+ ! semicolon at !
 end & ins]t+ a p]iod2  7#c7 by /rik+   
%all be f9$ n m ?an #a1jjj1jjj or       
imprison$ n m ?an #cj ye>s1 or bo?42 &  
7#d7 by add+ at ! end ! foll[+3  7b7    
,p5alty  7#a7 ,9 g5]al ,except z provid$
 9 p>agraph 7#b71 a p]son convict$ ( a  
violation ( subsection 7a7 %all be f9$ n
 m ?an #a1jjj1jjj1 imprison$ n m ?an #cj
 ye>s1 or bo?4  7#b7  ,public (ficial   
7,a7  ,def9ition  ,9 ?is p>agraph1 ! t]m

 public (ficial means an (fic]1         
employee1 elect$ or appo9t$             
repres5tative (1 or an individual act+ =
 or on behalf (1 ! ,unit$ ,/ates1 a     
,/ate1 or a subdivision ( a ,/ate1 or   
any dep>tm5t1 ag5cy1 or bran* (         
gov]nm5t1 9 any (ficial function1 "u or 
by ! au?ority ( any su* dep>tm5t1 ag5cy1
 or bran* ( gov]nm5t4  7,b7  ,enhanc$   
p5alties  ,9 ! case ( an individual :o  
is a public (ficial at ! "t ( an (f5se  
describ$ 9 subsection 7a7--  7i7 if !   
(f5se is ! fir/ or second su* (f5se1 !  
individual %all be f9$ n m ?an          
#a1ejj1jjj & imprison$ n less ?an #a ye>
 & n m ?an #ce ye>s2 &  7ii7 if ! (f5se 
is ! ?ird or subsequ5t su* (f5se1 !     
individual %all be f9$ n m ?an          
#b1jjj1jjj & imprison$ n less ?an #e    
ye>s & n m ?an #dj ye>s4  4  #d4        
,enhanc$ p5alties = public (ficials :o  
falsify loan & cr$it applications       
,section #ajad ( title #ah1 ,unit$      
,/ates ,code1 is am5d$--  7#a7 by /rik+ 
,:oev] kn[+ly & ins]t+3  7a7 ,(f5se     

,:oev] kn[+ly  2  7#b7 by /rik+ %all &  
all t foll[s1 & ins]t+ %all be puni%$ z 
provid$ 9 subsection 7b742 &  7#c7 by   
add+ at ! end ! foll[+3  7b7 ,p5alty    
7#a7 ,9 g5]al ,except z provid$ 9       
p>agraph 7#b71 a p]son convict$ ( a     
violation ( subsection 7a7 %all be f9$ n
 m ?an #a1jjj1jjj1 imprison$ n m ?an #cj
 ye>s1 or bo?4  7#b7  ,public (ficials  
,9 ! case ( an individual :o is a public
 (ficial at ! "t ( an (f5se describ$ 9  
subsection 7a7--  7,a7 if ! (f5se is !  
fir/ or second su* (f5se1 ! individual  
%all be f9$ n m ?an #a1ejj1jjj &        
imprison$ n less ?an #a ye> & n m ?an   
#ce ye>s2 &  7,b7 if ! (f5se is ! ?ird  
or subsequ5t su* (f5se1 ! individual    
%all be f9$ n m ?an #b1jjj1jjj &        
imprison$ n less ?an #e ye>s & n m ?an  
#dj ye>s4  7c7  ,def9itions  ,9 ?is     
section3 7#a7 ,public (ficial ,! t]m    
public (ficial means an (fic]1 employee1
 elect$ or appo9t$ repres5tative (1 or  
an individual act+ = or on behalf (1 !  
,unit$ ,/ates1 a ,/ate1 or a subdivision

 ( a ,/ate1 or any dep>tm5t1 ag5cy1 or  
bran* ( gov]nm5t1 9 any (ficial         
function1 "u or by ! au?ority ( any su* 
dep>tm5t1 ag5cy1 or bran* ( gov]nm5t4   
7#b7  ,/ate-*>t]$ cr$it union  ,! t]m   
,/ate-*>t]$ cr$it union includes a cr$it
 union *>t]$ "u ! laws ( a ,/ate ( !    
,unit$ ,/ates1 ! ,di/rict ( ,columbia1  
or any commonweal?1 t]ritory1 or        
possession ( ! ,unit$ ,/ates4  4  #e4   
,enhanc$ p5alties = public (ficials :o  
falsify tax fil+s  ,section #gbjf ( !   
,int]nal ,rev5ue ,code ( #aihf is       
am5d$--  7#a7 by /rik+ ,any p]son &     
ins]t+ ! foll[+3  7a7 ,9 g5]al ,any     
p]son  1 &  7#b7 by add+ at ! end !     
foll[+ new subsection3  7b7 ,enhanc$    
p5alty = public (ficials  7#a7 ,9 g5]al 
,9 ! case ( an individual :o is a public
 (ficial at ! "t ( an (f5se describ$ 9  
subsection 7a7--  7,a7 if ! (f5se is !  
fir/ or second su* (f5se1 subsection 7a7
 %all be appli$--  7i7 by sub/itut+     
#aej1jjj = #ajj1jjj1 &  7ii7 by         
sub/itut+ n less ?an #f mon?s & n m ?an 

#e ye>s = n m ?an #c ye>s1 &  7,b7 if ! 
(f5se is ! ?ird or subsequ5t su* (f5ce1 
subsection 7a7 %all be appli$--  7i7 by 
sub/itut+ #bjj1jjj = #ajj1jjj1 &  7ii7  
by sub/itut+ n less ?an #b ye>s & n m   
?an #aj ye>s = n m ?an #c ye>s4  7#b7   
,public (ficial  ,= purposes ( ?is      
subsection1 ! t]m public (ficial means  
an (fic]1 employee1 elect$ or appo9t$   
repres5tative (1 or an individual act+ =
 or on behalf (1 ! ,unit$ ,/ates1 a     
,/ate1 or a subdivision ( a ,/ate1 or   
any dep>tm5t1 ag5cy1 or bran* (         
gov]nm5t1 9 any (ficial function1 "u or 
by ! au?ority ( any su* dep>tm5t1 ag5cy1
 or bran* ( gov]nm5t4  4  #f4  ,public  
integrity en=cem5t guidance = ! dep>tm5t
 ( ju/ice & ! dep>tm5t ( ! treasury  7a7
  ,directive to ,dep>tm5t ( ,ju/ice ,law
 ,en=cem5t ,(ficials & ,task ,=ces  7#a7
  ,9 g5]al  ,n lat] ?an #ij days aft] ! 
date ( enactm5t ( ?is ,act1 ! ,attorney 
,g5]al %all issue a directive to--  7,a7
 all ,f$]al law en=cem5t (fic]s &       
relevant p]sonnel employ$ by ! ,dep>tm5t

 ( ,ju/ice :o may be involv$ 9 !        
inve/igation ( bank fraud &             
falsification ( loan & cr$it            
applications2 &  7,b7 memb]s ( all task 
=ces l$ by ! ,dep>tm5t ( ,ju/ice or a   
compon5t !re( t p>ticipate 9 !          
inve/igation ( bank fraud &             
falsification ( loan & cr$it            
applications4  7#b7  ,requir$           
in/ructions  ,! directive requir$ to be 
issu$ "u p>agraph 7#a7 %all include     
in/ructions on--  7,a7 ! updates made by
 ?is ,act to sections #ajad & #acdd (   
title #ah1 ,unit$ ,/ates ,code2 &  7,b7 
! inve/igation ( public (ficials :o     
commit bank fraud & falsification ( loan
 & cr$it applications & h[ su*          
individuals %\ld be inve/igat$ = su*    
acts4  7b7  ,directive to ,dep>tm5t (   
,treasury ,(ficials  7#a7  ,9 g5]al  ,n 
lat] ?an #ij days aft] ! date ( enactm5t
 ( ?is ,act1 ! ,secret>y ( ! ,treasury1 
9 consultation ) ! ,attorney ,g5]al1    
%all issue a directive to--  7,a7 all   
,f$]al law en=cem5t (fic]s & relevant   

p]sonnel employ$ by ! ,dep>tm5t ( !     
,treasury :o may be involv$ 9 !         
inve/igation ( falsifi$ tax fil+s2 &    
7,b7 memb]s ( all task =ces l$ by !     
,dep>tm5t ( ! ,treasury or a compon5t   
!re( t p>ticipate 9 ! inve/igation (    
falsifi$ tax fil+s4  7#b7  ,requir$     
in/ructions  ,! directive requir$ to be 
issu$ "u p>agraph 7#a7 %all include     
in/ructions on--  7,a7 ! updates made by
 ?is ,act to section #gbjf ( ! ,int]nal 
,rev5ue ,code ( #aihf2  7,b7 !          
inve/igation ( public (ficials :o       
falsify tax fil+s & h[ su* individuals  
%\ld be inve/igat$ = su* acts2 &  7,c7  
be/ practices = collaborat+ ) !         
,dep>tm5t ( ,ju/ice & compon5ts !re( 9 !
 inve/igation & prosecution ( public    
(ficials :o falsify tax fil+s4  #g4     
,effective date  ,! am5dm5ts made by ?is
 ,act %all apply to convictions aft] !  
date ( enactm5t ( ?is ,act4