Before we get into the nitty gritty, I first have to explain — I can’t stop myself; it’s awesome — the “LETITIA Act,” brilliantly named by the legislation’s sponsor, Texas Republican Sen. John Cornyn.
The acronym “LETITIA” stands for Law Enforcement Tools to Interdict Troubling Investments in Abodes Act, as reported on Monday. The intent of the bill is to crack down on public officials who use their positions to increase their personal wealth, particularly through fraudulent means.
As you can probably tell, Cornyn named the bill for widely discredited New York Attorney General Letitia James — who not only won a $454 million judgment against President Donald Trump and the Trump family over allegations of faulty business practices, but has also for years been among several TDS-riddled Democrat state attorneys general who have challenged Trump’s policies.
And just recently, James announced she is suing the Trump administration for “unlawful attacks” on so-called “gender-affirming care,” which includes irreversible mutilation (mastectomies and castrations) performed on minors who believe they were born “the wrong gender.”
Earlier in 2025, the Justice Department opened an investigation into James over allegations of mortgage fraud.
Here’s more, from the Fox News story linked above: (emphasis, mine)
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.
Seems to me… let me think… a certain Democrat senator is also facing allegations of mortgage fraud… Wait — I got it!
Yep, that’s him!
As my colleague Susie Moore reported in mid-July, President Donald Trump tore into California Democrat Sen. Adam Schiff for his apparent effort to claim his Maryland residence — vs. his home in California —as his primary residence in an attempt to secure a cheaper mortgage.
In a fiery post to Truth Social, Trump railed against Schiff:
I have always suspected Shifty Adam Schiff was a scam artist. And now I learn that Fannie Mae’s Financial Crimes Division have concluded that Adam Schiff has engaged in a sustained pattern of possible Mortgage Fraud. Adam Schiff said that his primary residence was in MARYLAND to get a cheaper mortgage and rip off America, when he must LIVE in CALIFORNIA because he was a Congressman from CALIFORNIA.
While I love the notion of the LETITIA Act, I would’ve gone with the SCHIFFTY Act, which I’m sure would have been shot down, but I digress.
READ MORE: Awful Schiffty: Trump Raises Questions About Adam Schiff and Mortgage Fraud
Shock: Records Show Adam Schiff Financed $1.7 Million Maryland Home As ‘Principal Residence’
And here’s more on Schiffty, again via Fox:
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 new bill, co-sponsored by six Senate Republicans, would increase federal statutory maximum penalties and fines for public officials who abuse their positions by committing bank fraud, loan or mortgage fraud, or tax fraud.
The LETITIA Act would also establish new mandatory minimum sentences: one year for bank fraud, one year for loan or mortgage fraud, and six months for tax fraud. For public officials with a repeated pattern of offenses, minimum sentences would increase to five years for bank or loan fraud and two years for tax fraud.
Meanwhile, Democrats gonna Democrat. The good news is, turnabout is fair play.
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