Stopping Transfers of Public Funds Abroad Act

This bill aims to prevent individuals receiving federal public assistance from conducting remittance transfers , which involve sending funds abroad. It mandates that applicants for various public assistance programs provide a written declaration , under penalty of perjury, affirming they will not engage in such transfers during any period they receive benefits. Federal agencies administering these programs are responsible for ensuring this declaration is obtained from all applicants and reapplicants. Any individual who signs this declaration and subsequently makes a remittance transfer while receiving public assistance will face a substantial fine of $100,000 . These provisions will apply to any payments or benefits provided 30 days after the act's enactment.