This bill proposes amendments to the Immigration and Nationality Act, aiming to strengthen immigration enforcement against individuals involved in financial misconduct. Its primary purpose is to establish new criteria for both inadmissibility into the United States and deportability for aliens already present. Specifically, the legislation would make an alien inadmissible if they have been convicted of, admitted to committing, or admitted to acts constituting the essential elements of an offense involving defrauding the United States Government. This inadmissibility also extends to those involved in the unlawful receipt of federal, state, or local public benefits, as defined by existing law, or a conspiracy to commit such offenses. Furthermore, the bill introduces a parallel provision making aliens deportable if they have been convicted of similar offenses related to defrauding the U.S. Government or the unlawful receipt of public benefits.