African and Caribbean Diaspora Investment Support
The AIDA bill is currently in the hands of three House committees for review. It has not moved forward since September 2, 2026, when the primary sponsorship was updated. Most bills do not receive a committee vote, and this proposal remains stalled at this early stage of the process.
While the bill helps a large group of people, it currently lacks Republican support and involves new tax breaks that might be hard to pass in a divided Congress.
Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works
Visa holders working in the U.S. who send money home to Africa or CARICOM countries could benefit from lower remittance fees and, if they file taxes and meet the definition of African Diaspora, from the new remittance deduction, though eligibility details for non-permanent residents are not fully spelled out in the bill.
ASSUMING FIRST SPONSORSHIP - Mr. Jackson (IL) asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 4586, a bill originally introduced by Representative Cherfilus-McCormick for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.
Referred to the Committee on Ways and Means, and in addition to the Committees on Foreign Affairs, and 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.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Rep. Sheila Cherfilus-McCormick introduced the AIDA Act to reduce remittance fees and provide tax incentives for investments in 15 CARICOM countries and Africa. The bill aims to lower costs to 3% and offers a $3,000 tax deduction for remittances used for education, health, and small businesses.
In response to a proposed U.S. tax on remittances, Reps. Cherfilus-McCormick and Jonathan Jackson introduced the AIDA Act (H.R. 4586). The legislation seeks to protect diaspora communities by incentivizing the $100 billion sent home annually through tax breaks and increased market transparency.
The AIDA Act aims to harness the economic power of the African and Caribbean diaspora. It includes a DFC matching program of up to $5,000 for development projects and seeks to align U.S. foreign policy with grassroots investment from immigrant communities to reduce reliance on foreign aid.
No votes or related bills recorded for this bill yet.
Document Type
Congressional Bill
Official Title
AIDA
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