On April 12, 1999, Wright found Clinton in contempt of court for "intentionally false" testimony in Jones v. Clinton, fined him $90,000, and referred the case to the Arkansas Supreme Court's Committee on Professional Conduct,
as Clinton still possessed a law license in Arkansas.
The Arkansas Supreme Court suspended Clinton's Arkansas law license in April 2000. On January 19, 2001, Clinton agreed to a five-year suspension and a $25,000 fine in order to avoid disbarment and to end the investigation of Independent Counsel Robert Ray (Starr's successor). On October 1, 2001, Clinton's U.S. Supreme Court law license was suspended, with 40 days to contest his disbarment. On November 9, 2001, the last day for Clinton to contest the disbarment, he opted to resign from the Supreme Court Bar, surrendering his license, rather than facing penalties related to disbarment.
In the end, Independent Counsel Ray said:
"The Independent Counsel’s judgment that sufficient evidence existed to prosecute President Clinton was confirmed by President Clinton’s admissions and by evidence showing that he engaged in conduct prejudicial to the administration of justice."
More specifically, the Independent Counsel concluded that President Clinton testified falsely on three counts under oath in Clinton v. Jones.
However, Ray chose to decline criminal prosecution in favor of what the Principles of Federal Prosecution call "alternative sanctions". This included being impeached:
"As a consequence of his conduct in the Jones v. Clinton civil suit and before the federal grand jury, President Clinton incurred significant administrative sanctions. The Independent Counsel considered seven non-criminal alternative sanctions that were imposed in making his decision to decline prosecution: (1) President Clinton’s admission of providing false testimony that was knowingly misleading, evasive, and prejudicial to the administration of justice before the United States District Court for the Eastern District of Arkansas; (2) his acknowledgement that his conduct violated the Rules of Professional Conduct of the Arkansas Supreme Court; (3) the five-year suspension of his license to practice law and $25,000 fine imposed on him by the Circuit Court of Pulaski County, Arkansas; (4) the civil contempt penalty of more than $90,000 imposed on President Clinton by the federal court for violating its orders; (5) the payment of more than $850,000 in settlement to Paula Jones; (6) the express finding by the federal court that President Clinton had engaged in contemptuous conduct; and (7) the substantial public condemnation of President Clinton arising from his impeachment."