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Remittance Fees for Border Security and State Reimbursement Funds

This act introduces a new 37% fee on money transfers sent to countries with the highest number of citizens unlawfully entering the U.S. Half of the collected funds will go to border states to cover security-related expenses, while the other half will be used to enhance border protection, including technology, physical barriers, and Border Patrol agent salaries. Citizens sending money abroad to specified countries may experience increased transaction costs.
Key points
Imposes a 37% fee on money transfers to the top five countries with the most citizens unlawfully entering the U.S.
Establishes two trust funds: one to reimburse border states for security costs, and another for federal border security measures (technology, barriers, agent wages).
Funds collected will be used for border security enforcement, including deterring unlawful crossings and gaining operational control of the southwest border.
The act takes effect on January 1, 2024.
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Additional Information
Print number: 118_HR_672
Sponsor: Rep. Moran, Nathaniel [R-TX-1]
Process start date: 2023-01-31
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Border Security Investment Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_672.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-01-31.

What are the main provisions?

Key points include:

  • Imposes a 37% fee on money transfers to the top five countries with the most citizens unlawfully entering the U.S.
  • Establishes two trust funds: one to reimburse border states for security costs, and another for federal border security measures (technology, barriers, agent wages).
  • Funds collected will be used for border security enforcement, including deterring unlawful crossings and gaining operational control of the southwest border.
  • The act takes effect on January 1, 2024.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Moran, Nathaniel [R-TX-1].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Border Security and Enforcement.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Taxes Security Migration