Zero Tolerance for Fraudsters Act of 2026

The Zero Tolerance for Fraudsters Act of 2026 establishes mandatory minimum prison sentences for individuals convicted of specific federal fraud offenses involving large sums of money. This legislation directly affects people charged with crimes such as making false statements to the government, mail fraud, wire fraud, and bank fraud. Under the new rules, anyone convicted of these crimes who involved at least $1 million but less than $5 million would face a minimum of one year in prison, while those involved with $5 million or more would face a minimum of five years. The bill sets these floors only when the existing laws for a specific crime do not already require a longer sentence, ensuring that serious financial fraud results in significant incarceration time.