Rep. Adam Schiff, the top Democrat on the House Intelligence Committee, said on Face the Nation on Sunday that there’s a good chance Donald Trump will go to jail when he leaves office.

CBS anchor Margaret Brennan asked Schiff for his takeaway from the Michael Cohen sentencing memos, in which federal prosecutors in the Southern District of New York seem to implicate Trump in the federal campaign finance violations committed by his former lawyer.

“My takeaway is there’s a very real prospect that on the day Donald Trump leaves office the Justice Department may indict him,” Schiff said. “That he may be the first president in quite some time to face the real prospect of jail time.”

The California Democrat said that the argument made by prosecutors in the Cohen sentencing memo — that “the rich and powerful seem to live by a different set of rules” — was “equally made” for the president.

Schiff, who is likely to be the next chairman of the House Intelligence Committee, added that the next president may have to determine whether to pardon Trump.

“We have been discussing the issue of pardons the president may offer to people or dangle in front of people,” Schiff said. “The bigger pardon question may come down the road, as the next president has to determine whether to pardon Donald Trump.”

“I think the prosecutors in New York make a powerful case against that idea,” he added. “All the arguments they make against Michael Cohen … that argument was equally made with respect to Individual-1, the president of the United States.”

In the sentencing memo, federal prosecutors argued Cohen should receive a “substantial” prison sentence for campaign finance violations and financial crimes, as well as lying to Congress in the Russia investigation. The crimes that seem to implicate the president involve the hush money payments to women accusing Trump of having affairs with them.

WATCH:

Rep. Adam Schiff tells @FaceTheNation: "There's a very real prospect that on the day Donald Trump leaves office, the Justice Department may indict him. That he may be the first president in quite some time to face the real prospect of jail time" https://t.co/C8HDJqaZis pic.twitter.com/sIzm0eavqF

— CBS News (@CBSNews) December 9, 2018