Fraudsters who steal over $1 million would face mandatory prison time.
This bill would make sure people convicted of certain fraud offenses involving $1 million or more go to prison for a set amount of time. If passed, individuals found guilty of large-scale fraud would face mandatory minimum sentences. They would serve at least one year (up to 10 years) for fraud involving $1 million to less than $5 million, and at least five years (up to 20 years) for fraud involving $5 million or more.
Today, judges have more flexibility in sentencing individuals convicted of fraud offenses, even for large amounts. This bill would establish new mandatory minimum prison sentences for those convicted of specific fraud offenses involving $1,000,000 or more, requiring at least one year (up to 10 years) for fraud involving $1 million to less than $5 million, and at least five years (up to 20 years) for fraud involving $5 million or more.
HR 8951 · 119th Congress · May 21, 2026 · AI Summary by gemini-2.5-flash · 9/10
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