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Border Bonds Act: Funding for US-Mexico Border Barrier Construction

This act introduces special bonds, called "Border Bonds," to raise money for building a physical barrier, roads, and lighting along the U.S. border with Mexico. Citizens can purchase these bonds and also make donations for this purpose, directly impacting the funding of the border security project.
Key points
The government will issue special 30-year bonds called "Border Bonds" to fund the construction of a border barrier.
A maximum of $5 billion in bonds can be issued per fiscal year.
Proceeds from bond sales and accepted gifts will go into a dedicated fund for border infrastructure, including fencing, roads, lighting, cameras, and sensors.
Citizens can support this project by purchasing bonds or making donations, directly contributing to border security efforts.
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Additional Information
Print number: 117_HR_8371
Sponsor: Rep. Palazzo, Steven M. [R-MS-4]
Process start date: 2022-07-14