**Marine Le Pen remains an active member of France’s National Assembly following the July 2026 Paris appeals court ruling in her embezzlement case.** The court upheld her conviction for misusing European Parliament funds to finance National Rally staff but reduced the public-office ban from five years to 45 months (30 suspended), determining that the 15-month effective portion had already been served since the March 2025 first-instance verdict. This preserved her parliamentary seat and group leadership role, distinguishing the Assembly mandate from other elective offices affected by the original ruling. Le Pen announced she would appeal to the Cour de Cassation, which suspends enforcement of the remaining penalties, including any electronic monitoring requirement. As of mid-August 2026, parliamentary records list her as “en activité,” with recent votes recorded. No legislative dissolution or new ineligibility trigger has emerged in the past month, though the ongoing highest-court review and any future snap elections within the current term represent the main variables that could alter her status before the 2027 presidential contest. Trader pricing reflects the limited near-term pathways to removal absent a decisive adverse ruling or procedural change.