Stopping Transfers of Public Funds Abroad Act

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.