Bill > HR445

This bill establishes two new trust funds related to border security and creates a new fee structure for remittance transfers. Specifically, the bill requires money services businesses to impose a 37% fee on remittance transfers to countries with the most citizens unlawfully entering the United States. Half of these collected fees will be deposited into two new trust funds: the Border Security State Reimbursement Trust Fund and the Border Security Trust Fund. The Reimbursement Fund will reimburse border states for their border security enforcement expenses, with funding distributed proportionally based on each state's documented border security expenditures. The Security Fund will be used to support border security efforts, including deploying border detection technology, installing physical barriers at the southern border, and paying U.S. Border Patrol agent salaries. If the total funds in these trust funds exceed $50 billion, the excess amount will be redirected to the general fund specifically for deficit reduction. The bill aims to generate additional resources for border security by leveraging fees from international money transfers and creating a dedicated funding mechanism for border-related expenses.

Military Affairs and Security

https://www.congress.gov/bill/119th-congress/house-bill/445/all-info