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

United States117th CongressHR-8566House of Representatives
Updated: Nov 1, 2022

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.

Bill texts

Available versions
Introduced (House)View official text

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Timeline

  1. 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.

    House of Representatives

  2. Introduced in House

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

    House of Representatives

  4. Referred to the Subcommittee on Immigration and Citizenship.

    House of Representatives

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