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Read. Follow. Verify.Proposed 10% Fee on International Money Transfers to Fund Border Security
Record date · December 17, 2024
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What This Bill Would Do
This bill would impose a 10% fee on money sent from the United States to recipients in other countries, with the proceeds used to fund border patrol, immigration enforcement, and border wall construction. U.S. citizens who pay this fee would be eligible for a refundable tax credit to recover the cost.
The bill creates a new 10% surcharge on international remittances for non-citizens, while establishing a tax credit mechanism for U.S. citizens to offset the fee, directly impacting the cost of sending money abroad and federal funding for border infrastructure.
Who It Would Affect
Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.
Remittance transfer providers
They are required to collect the 10% fee from senders and submit it to the Treasury.
U.S. citizens
They are eligible for a refundable tax credit to offset the cost of the remittance fees they pay.
Foreign countries
They may face loss of U.S. foreign assistance or visa waiver eligibility if they are found to aid in fee evasion.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
Will U.S. citizens have to pay this 10% fee?
What happens to the money collected from these fees?
Are there penalties for trying to avoid the fee?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
Currently filed. The next step in the legislative lifecycle is Committee.
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Taxation of Remittances
The bill represents a shift toward using international money transfers as a direct revenue source for domestic border infrastructure.
Sources
www.congress.gov
Analysis Score
0–100- Significance85How much this matters to a regular citizen
- Controversy90Intensity of disagreement among stakeholders
- Entertainment20Compellingness for a non-policy-wonk reader
- Buzz60Current news / social attention level
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