This legislation significantly amends the Immigration and Nationality Act by making any conviction for fraud a deportable offense for aliens, irrespective of the financial loss involved. This provision applies to fraud committed against private individuals, corporations, or government entities, thereby broadening the scope of crimes that can lead to an alien's deportation. Additionally, the bill mandates detention for aliens who are subject to deportation based on these newly defined fraud convictions. A key provision of this bill is the expansion of denaturalization powers, granting any U.S. court that convicts a naturalized citizen of certain criminal offenses, including fraud, concurrent jurisdiction to revoke their citizenship . Upon such a conviction, the court is required to declare the order admitting the person to citizenship void and cancel their certificate of naturalization. These denaturalization provisions are applicable to fraud committed on or after September 30, 1996, provided the individual was not previously arrested, charged, or indicted for that conduct before the bill's enactment.