This bill aims to establish mandatory minimum terms of imprisonment for individuals convicted of certain federal fraud offenses. It amends Title 18 of the U.S. Code to introduce specific sentencing guidelines based on the monetary amount involved in the fraud. For offenses involving an amount between $1,000,000 and $5,000,000 , the bill mandates a minimum prison sentence of one year, with a maximum of 10 years, in addition to a fine. If the fraud offense involves $5,000,000 or more , the mandatory minimum imprisonment increases to five years, with a maximum of 20 years, along with a fine. These provisions apply to a range of fraud and false statement offenses, as well as mail fraud and other related fraud schemes, unless the existing law already prescribes a more severe punishment.