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

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 Ju...