Bill > S3746

This bill, titled the "Stopping Transfers of Public Funds Abroad Act," aims to prevent individuals who receive government financial aid, known as public assistance, from sending money out of the country through remittance transfers. A remittance transfer is essentially sending money to someone in another country, often through services like wire transfers or money orders. The bill requires anyone applying for or reapplying for public assistance to sign a sworn statement, under penalty of perjury, promising not to engage in remittance transfers while they are receiving benefits. If someone breaks this promise, they could face a significant fine of $100,000. The definition of "public assistance program" refers to specific categories of aid outlined in federal regulations, and the definition of "remittance transfer" is consistent with existing federal law. This new rule would take effect 30 days after the bill is enacted.