Sen. John Cornyn, R-Texas, is seen after the Senate luncheons in the U.S. Capitol on Tuesday, June 3, 2025. (Tom Williams/CQ-Roll Call, Inc via Getty Images)
Indeed, Cornyn’s Law Enforcement Tools to Interdict Troubling Investments in Abodes (LETITIA) Act is named for New York Attorney General Letitia James.
The Justice Department earlier this year opened an investigation into James, who successfully won a civil case last year against President Donald Trump and his Trump Organization over allegations of faulty business practices, for alleged mortgage fraud.
U.S. Sen. Adam Schiff (D-CA), joined by Sen. Chris Murphy (D-CT), speaks at a press conference introducing the Assault Weapons Ban of 2025 on April 30, 2025, in Washington, DC.
Cornyn’s bill also comes after his colleague Sen. Adam Schiff, D-Calif., was similarly hit with allegations of mortgage fraud.
In another letter to the Justice Department, Pulte charged that Schiff falsified bank documents and property records by listing homes in Maryland and California as his primary residence out of an effort to allegedly get more favorable loans.
The bill, which is so far co-sponsored by six Senate Republicans, would increase federal statutory maximum sentences and fines for public officials who abuse their offices and violate the public trust to commit bank fraud, loan or mortgage fraud, or tax fraud.
CLICK HERE TO GET THE FOX NEWS APP
It would create new mandatory minimum sentences, including one year for bank fraud, one year for loan or mortgage fraud, and six months for tax fraud. And if a public official engages in a repeated pattern of offenses, minimum sentences increase to five years for bank or loan fraud and two years for tax fraud.
Fox News Digital reached out to James and Schiff for comment but did not immediately hear back.
Alex Miller is a writer for Fox News Digital covering the U.S. Senate.
https://www.foxnews.com/politics/cornyn-takes-swing-james-schiff-new-letitia-act-targeting-crooked-politicians