The purpose of this legislation, known as the Fraud Accountability Act, is to strengthen the legal framework for dealing with fraud-related offenses committed by non-citizens and naturalized citizens in the United States. The main objectives are to make it easier to deport non-citizens convicted of fraud and to allow courts to revoke the citizenship of naturalized citizens who are convicted of similar crimes. Key provisions of the Act include the classification of fraud as a deportable offense for non-citizens.