Stopping Transfers of Public Funds Abroad Act
Senate Bill Would Ban Public Assistance Recipients From Sending Money Abroad, Impose $100K Fine
Legislative Progress
Key Points
- This bill would stop people who receive federal government help, such as Supplemental Security Income, from sending money to family or friends in other countries. These international money transfers are often used by families to support relatives living overseas.
- Anyone applying for these benefits would be required to sign a legal document promising not to send any money abroad while they are receiving government aid. Signing this document and then breaking the promise would be considered lying under oath.
- If a person on public assistance is caught sending money to another country, they would face a massive fine of $100,000. This penalty would apply to any transfer made during the time they are receiving government benefits.
- The policy aims to ensure that taxpayer money intended to help low-income people with their basic needs stays within the United States economy rather than being sent to other nations.
- If passed, these new rules and penalties would take effect 30 days after the bill becomes law and would apply to both new applicants and people renewing their current benefits.
Impact Analysis
Personal Impact
Life & Work
Lawful permanent residents who receive public assistance and regularly send remittances to family members abroad would be directly affected. Many green card holders support aging parents or children in their home countries. This bill forces them to choose between receiving needed government assistance and fulfilling family obligations overseas, under threat of a $100,000 fine.
Programs
Milestones
Read twice and referred to the Committee on Finance.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
Related News
3 articlesSen. Bernie Moreno proposes $100,000 fine for welfare recipients sending money abroad
U.S. Sen. Bernie Moreno introduced legislation that would prohibit individuals receiving public assistance from sending money overseas, imposing steep fines on those who violate the restriction. The bill aims to ensure taxpayer-funded benefits are spent within the United States.
Sen. Moreno Tries to Advance Bill to Stop Welfare Recipients From Sending Money Overseas, Dems Block It
Sen. Bernie Moreno attempted to pass the Stopping Transfers of Public Funds Abroad Act via unanimous consent, but the move was blocked by Senate Democrats. The bill would fine welfare recipients $100,000 for sending remittances to foreign countries.
Ohio Senator Goes After Welfare Cash Sent Overseas
The 'Stopping Transfers of Public Funds Abroad Act' (S.3746) would require public assistance applicants to provide a written declaration that they will not transfer funds abroad. Violators would face a $100,000 civil penalty. The bill is currently awaiting committee review.
Source Information
Document Type
Congressional Bill
Official Title
Stopping Transfers of Public Funds Abroad Act
Data Sources
Sponsor
Cosponsors
(1)Analysis generated by AI. Always verify with official sources.