Mandatory minimums for fraud offenses

(a) Fraud and false statements (1) In general Chapter 47 of title 18, United States Code, is amended by adding at the end the following: 1041. Mandatory minimum sentences for certain offenses Notwithstanding any other provision of this chapter, in the case of an offense under section 1001, 1002, 1003, 1010, 1012, 1031, 1035, or 1040, the punishment shall be— (1) if the offense involved an amount of $1,000,000 or more, but less than $5,000,000, a fine under this title, and imprisonment for not less than one year and not more than 10 years; or (2) if the offense involved an amount of $5,000,000 or more, a fine under this title, and imprisonment for not less than 5 years and not more than 20 years, except in the case that the punishment under such section provides for a greater term of imprisonment.. (2) Clerical amendment The table of sections for chapter 47 of title 18, United States Code is amended by inserting after the item related to 1040 the following: 1041. Mandatory minimum sentences for certain offenses.. (b) Mail fraud and other fraud offenses (1) In general Chapter 63 of title 18, United States Code, is amended by adding at the end the following: 1353. Mandatory minimum sentences for certain offenses Notwithstanding any other provision of this chapter, in the case of an offense under section 1341, 1343, 1345, or 1347, the punishment shall be— (1) if the offense involved an amount of $1,000,000 or more, but less than $5,000,000, a fine under this title, and imprisonment for not less than one year and not more than 10 years; or (2) if the offense involved an amount of $5,000,000 or more, a fine under this title, and imprisonment for not less than 5 years and not more than 20 years, except in the case that the punishment under such section provides for a greater term of imprisonment.. (2) Clerical amendment The table of sections for chapter 47 of title 18, United States Code is amended by inserting after the item related to 1352 the following: 1353. Mandatory minimum sentences for certain offenses..