To impose a fee on certain remittance transfers to fund border security.

Summary

This bill imposes a 10% transfer fee on money transfers (remittances) sent to recipients outside of the United States, to be paid by the sender. Individuals who violate the bill are subject to criminal and civil penalties. Foreign countries that aid or harbor violators are ineligible for foreign assistance and immigration programs. The bill also establishes for U.S. citizens a tax credit equal to the amount that the citizen taxpayer paid in such transfer fees for any taxable year. The bill also provides funding for various border-related activities, such as employing and training additional U.S. Border Patrol agents, building a barrier along the U.S.-Mexico border, and building detention facilities for individuals residing in the United States without lawful immigration status. The funding shall be equal to the amount collected by the transfer fee minus the tax credits allowed.

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Timeline

1. 14 December 2023

   Referred

   Referred to the Subcommittee on Border Security and Enforcement.

   Source: Committee

2. 14 December 2023

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committees on Homeland Security, Foreign Affairs, Financial Services, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

3. 14 December 2023

   Introduced

   Introduced in House

   Source: IntroReferral

4. 14 December 2023

   Introduced

   Introduced in House

   Source: IntroReferral

5. 17 December 2024

   Referred

   Referred to the Subcommittee on Trade.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 14 December 2023 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 14 December 2023

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 14 December 2023

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 14 December 2023

  Open at official source

Sponsors

• Kevin Hern · R · Sponsor
• · hswm00 · Standing
• · hshm00 · Standing
• · hsju00 · Standing
• · hsba00 · Standing
• · hsfa00 · Standing

Related records

• related to → A bill to impose a fee on certain remittance transfers to fund border security.