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

Summary

This bill imposes a 5% transfer fee on remittances sent to recipients outside of the United States, to be paid by the sender. 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 to build a barrier along the U.S.-Mexico barrier. The funding shall be equal to the amount collected by the transfer fee minus the tax credits allowed.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 28 July 2022

   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

2. 28 July 2022

   Introduced

   Introduced in House

   Source: IntroReferral

3. 28 July 2022

   Introduced

   Introduced in House

   Source: IntroReferral

4. 29 July 2022

   Referred

   Referred to the Subcommittee on Border Security, Facilitation, and Operations.

   Source: Committee

5. 1 November 2022

   Referred

   Referred to the Subcommittee on Immigration and Citizenship.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 28 July 2022 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 28 July 2022

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 28 July 2022

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 28 July 2022

  Open at official source

Sponsors

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

Related records

No cross-record relationships stored yet.