No Fortune for Fraud Act

Bill 118 hr 1391, also known as the No Fortune for Fraud Act, is a piece of legislation currently being considered by the US Congress. The main purpose of this bill is to prevent individuals who have been convicted of fraud from profiting financially from their crimes.

The bill includes several key provisions. First, it prohibits individuals convicted of fraud from receiving any financial benefits, such as profits or royalties, from books, movies, or other media that depict their crimes. This is aimed at preventing individuals from capitalizing on their illegal activities and profiting from their wrongdoing.

Additionally, the No Fortune for Fraud Act requires convicted fraudsters to forfeit any assets or property that were obtained through their fraudulent activities. This includes any money or property that was acquired as a result of the fraud, as well as any assets that were purchased with the proceeds of the crime. The bill also includes provisions for the enforcement of these measures, including penalties for individuals who attempt to circumvent the law or hide their assets in order to avoid forfeiting them. This is intended to ensure that individuals convicted of fraud are held accountable for their actions and are not able to benefit financially from their crimes. Overall, the No Fortune for Fraud Act is aimed at preventing individuals convicted of fraud from profiting from their crimes and ensuring that they are held accountable for their actions. It is currently being debated in Congress and may be subject to amendments before it is passed into law.