Close Menu
Truth Republican
  • Home
  • News
  • Politics
  • Business
  • Guns & Gear
  • Healthy Tips
  • Prepping & Survival
  • Videos
Facebook X (Twitter) Instagram
Truth Republican
  • Home
  • News
  • Politics
  • Business
  • Guns & Gear
  • Healthy Tips
  • Prepping & Survival
  • Videos
Newsletter
Truth Republican
You are at:Home»Politics»Cornyn takes swing at James, Schiff with new LETITIA Act targeting ‘crooked politicians’
Politics

Cornyn takes swing at James, Schiff with new LETITIA Act targeting ‘crooked politicians’

Buddy DoyleBy Buddy DoyleAugust 4, 2025No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp
Cornyn takes swing at James, Schiff with new LETITIA Act targeting ‘crooked politicians’
Share
Facebook Twitter LinkedIn Pinterest Email

NEWYou can now listen to Fox News articles!

FIRST ON FOX: A Senate Republican wants to crack down on public officials who use their position to grow their wealth.

Sen. John Cornyn, R-Texas, is set to introduce legislation that would create stiffer penalties for public officials who commit federal bank fraud, tax fraud, or loan or mortgage fraud. Cornyn’s bill comes on the heels of two such instances where top officials and lawmakers were hit with allegations of mortgage fraud.

FEDERAL HOUSING OFFICIAL SUBMITTED SCHIFF CRIMINAL REFERRAL TO DOJ OVER MORTGAGE DOCUMENTS

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.

Schiff and James split image

DEPARTMENT OF JUSTICE OPENS CRIMINAL INVESTIGATION INTO NY AG LETITIA JAMES

Federal Housing Finance Director Bill Pulte alleged in a letter that James could have engaged in mortgage fraud by making false or misleading statements on property records, like a loan application that said her property in Virginia is her primary residence, a building record stating her multifamily Brooklyn property incorrectly has five residences instead of four, and a mortgage application that falsely stated James was her father’s spouse.

“This legislation would empower President Trump to hold crooked politicians like New York’s Letitia James accountable for defrauding their constituents, violating their oath of office, and breaking the law, and I’m proud to lead my Republican colleagues in introducing it,” Cornyn said in a statement.

Fox News Digital reached out to James for comment but did not immediately hear back.

TAXPAYERS COULD BE FORCED TO FUND TRUMP FOE LETITIA JAMES’ LEGAL DEFENSE IF DEM BUDGET ITEM PASSES

Sen. Adam Schiff

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.

Marisol Samayoa, a spokesperson for Schiff, said in a statement to Fox News Digital that both Trump and Pulte’s “false allegations are a transparent attempt to punish a perceived political foe who is committed to holding Trump to account.”

“The facts here are simple: Senator Schiff and his wife accurately represented to their lenders that they would occupy and use the Maryland house they purchased in 2003 as a ‘principal residence,’ rather than a vacation home or an investment property,” she said. “He also disclosed to his lenders – repeatedly – that he maintained another home in his district in California, where he lived when not in Washington, and which was also a principal residence, not a vacation home or an investment property.” 

“This was done in consultation with relevant House counsel. As was proper, he claimed only a single homestead tax exemption (from California) worth approximately $70 in annual savings,” she continued.

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.

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.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleGOP governor greenlights state troopers to join ICE in immigration crackdown
Next Article Bank of America’s CEO responds to weak jobs report that spurred Trump firing of BLS chief

Related Articles

Democratic Rep. Jerry Nadler will not seek reelection

Democratic Rep. Jerry Nadler will not seek reelection

September 2, 2025
Trump praises Democratic DC mayor for working with his administration on crime crackdown

Trump praises Democratic DC mayor for working with his administration on crime crackdown

September 1, 2025
New NGA chair says America is ‘exceptional’ in push to revive a fading Dream

New NGA chair says America is ‘exceptional’ in push to revive a fading Dream

September 1, 2025
Trump faces multiple legal setbacks as federal courts question broad presidential powers

Trump faces multiple legal setbacks as federal courts question broad presidential powers

September 1, 2025
Trump cancels .9B foreign aid, pushes DC death penalty, touts Kim ties

Trump cancels $4.9B foreign aid, pushes DC death penalty, touts Kim ties

August 31, 2025
Top DNC official demands Dems be ‘more aggressive,’ compares Trump admin to popular carjacking video game

Top DNC official demands Dems be ‘more aggressive,’ compares Trump admin to popular carjacking video game

August 31, 2025
Trump says he will require voter ID with executive order

Trump says he will require voter ID with executive order

August 31, 2025
‘Nonsensical’ illegal immigrant tuition policy scrapped in Kentucky, Bondi lawsuit deal

‘Nonsensical’ illegal immigrant tuition policy scrapped in Kentucky, Bondi lawsuit deal

August 31, 2025
Trump nominees squeezed between ‘blue slips’ and blue obstruction

Trump nominees squeezed between ‘blue slips’ and blue obstruction

August 31, 2025
Don't Miss
Naomi Osaka dominates Coco Gauff in straight sets to reach US Open quarterfinals

Naomi Osaka dominates Coco Gauff in straight sets to reach US Open quarterfinals

First Look: Springfield’s New SAINT Victors

First Look: Springfield’s New SAINT Victors

Six people shot, one slashed in NYC violence after West Indian Day Parade ends Monday evening

Six people shot, one slashed in NYC violence after West Indian Day Parade ends Monday evening

Bill Belichick’s UNC coaching debut ends in blowout home loss to TCU

Bill Belichick’s UNC coaching debut ends in blowout home loss to TCU

Latest News
Democratic Rep. Jerry Nadler will not seek reelection

Democratic Rep. Jerry Nadler will not seek reelection

September 2, 2025
Minivan plows through crowd at Pennsylvania festival, injuring three people

Minivan plows through crowd at Pennsylvania festival, injuring three people

September 2, 2025
Nestlé CEO Laurent Freixe ousted over inappropriate workplace relationship with subordinate

Nestlé CEO Laurent Freixe ousted over inappropriate workplace relationship with subordinate

September 2, 2025
DHS rages over what it calls a NYT ‘sob story’ about convicted Jamaican murderer deported by Trump

DHS rages over what it calls a NYT ‘sob story’ about convicted Jamaican murderer deported by Trump

September 2, 2025
‘Yellowstone’ star Cole Hauser reveals ‘older ladies’ have gotten handsy with the actor after rise to fame

‘Yellowstone’ star Cole Hauser reveals ‘older ladies’ have gotten handsy with the actor after rise to fame

September 1, 2025
Copyright © 2025. Truth Republican. All rights reserved.
  • Privacy Policy
  • Terms of use
  • Contact

Type above and press Enter to search. Press Esc to cancel.