Fraud Accountability Act

This bill aims to strengthen accountability for fraud by expanding the categories of deportable offenses. It amends the Immigration and Nationality Act to make any alien convicted of a crime involving fraud, committed against any private or government entity, subject to deportation. This provision applies regardless of the fraud loss threshold previously established for aggravated felonies, significantly broadening the scope of deportable fraud offenses. The legislation also mandates detention for aliens facing deportation under these new fraud provisions. Crucially, it grants concurrent jurisdiction to any U.S. court that convicts a naturalized citizen of fraud or other specified criminal offenses. Such a court would be required to automatically revoke that individual's citizenship and cancel their naturalization certificate at the time of conviction. These denaturalization provisions apply retroactively to certain fraud committed on or after September 30, 1996.