A bill to impose a fee on certain remittance transfers to fund border security.

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [S. 3516 Introduced in Senate (IS)] <DOC> 118th CONGRESS 1st Session S. 3516 To impose a fee on certain remittance transfers to fund border security. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES December 14, 2023 Mr. Vance introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To impose a fee on certain remittance transfers to fund border security. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. REMITTANCE TRANSFER FEE. (a) In General.--Section 920 of the Electronic Fund Transfer Act (relating to remittance transfers) (15 U.S.C. 1693o-1) is amended-- (1) by redesignating subsection (g) as subsection (h); (2) by inserting after subsection (f) the following: ``(g) Remittance Transfer Fee.-- ``(1) In general.--If the designated recipient of a remittance transfer is located outside of the United States, a remittance transfer provider shall collect fr…