HR 445 119th Congress House Immigration

Border Security Investment Act

Introduced: January 15, 2025 Introduced by: Moran, Nathaniel Republican · Texas See on congress.gov

Everywhere this bill has been 3 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jan 15, 2025

Referred to the Subcommittee on Border Security and Enforcement.

Jan 15, 2025

Referred to the Committee on Homeland Security, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Jan 15, 2025

Introduced in House

Plain-English summary Congressional Research Service

Border Security Investment Act

This bill imposes a fee on the electronic transfer of funds (i.e., remittances) sent to certain countries and provides funding for border security activities from the collected amounts.

Specifically, the fee shall apply to remittances sent through money services business to one of the five countries that had the most citizens or nationals unlawfully enter the United States in the previous fiscal year, as determined by U.S. Customs and Border Protection. The fee must be 37% of the amount sent.

Half of the money collected by the fee must be placed in a trust fund for reimbursing border states for expenses incurred for border security enforcement measures. The other half must be placed in another trust fund for (1) deploying technology and installing physical barriers along the U.S.-Mexico border, and (2) paying the wages and salaries of U.S. Border Patrol agents.

If the amount in the trust funds exceeds a certain threshold, the excess money must be used only for deficit reduction.

What's happening now January 15, 2025

Referred to the Subcommittee on Border Security and Enforcement.

Committees of jurisdiction 3