Border Security Investment Act

Summary

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.

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Timeline

1. 15 January 2025

   Referred

   Referred to the Subcommittee on Border Security and Enforcement.

   Source: Committee

2. 15 January 2025

   Introduced

   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.

   Source: IntroReferral

3. 15 January 2025

   Introduced

   Introduced in House

   Source: IntroReferral

4. 15 January 2025

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

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Versions

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Documents

2 official files

• Introduced in House

  Introduced in House · EN · 15 January 2025

  DownloadOpen at official source

• Introduced in House

  summary · EN · 15 January 2025

  Open at official source

Sponsors

• Nathaniel Moran · R · Sponsor
• Rep. Ellzey, Jake [R-TX-6] · R · Sponsor
• Rep. Self, Keith [R-TX-3] · R · Sponsor
• Rep. Babin, Brian [R-TX-36] · R · Sponsor
• Rep. Gooden, Lance [R-TX-5] · R · Sponsor
• Rep. Nehls, Troy E. [R-TX-22] · R · Sponsor
• Rep. Weber, Randy K. Sr. [R-TX-14] · R · Sponsor
• Rep. Goldman, Craig [R-TX-12] · R · Cosponsor
• · hshm00 · Standing
• · hsba00 · Standing

Related records

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