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Fee on Foreign Remittance Transfers to Fund Border Security with Tax Credit.

This bill introduces a 10% fee on money transfers sent outside the U.S. to fund border security. U.S. citizens can reclaim this fee through a tax credit. Individuals attempting to evade the fee face severe penalties, and foreign countries aiding evasion could lose U.S. assistance or visa program participation.
Key points
A 10% fee will be imposed on money transfers where the recipient is located outside the United States.
These fees will go into a new Border Enforcement Trust Fund to hire agents, build barriers, and maintain detention facilities.
U.S. citizens will be eligible for a refundable income tax credit for the remittance transfer fees paid.
Evading the fee can result in penalties up to $500,000 or twice the transfer value, and up to 20 years imprisonment.
Foreign countries aiding evasion may lose U.S. foreign assistance or participation in visa waiver programs.
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Expired
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Additional Information
Print number: 118_HR_6817
Sponsor: Rep. Hern, Kevin [R-OK-1]
Process start date: 2023-12-14
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

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

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_6817.

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 2023-12-14.

What are the main provisions?

Key points include:

  • A 10% fee will be imposed on money transfers where the recipient is located outside the United States.
  • These fees will go into a new Border Enforcement Trust Fund to hire agents, build barriers, and maintain detention facilities.
  • U.S. citizens will be eligible for a refundable income tax credit for the remittance transfer fees paid.
  • Evading the fee can result in penalties up to $500,000 or twice the transfer value, and up to 20 years imprisonment.
  • Foreign countries aiding evasion may lose U.S. foreign assistance or participation in visa waiver programs.
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. Hern, Kevin [R-OK-1].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Trade.

Is this summary verified?

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

CATEGORIES

Taxes Migration Security