Stop Somali CASH Fraud Act

Key Points

• Sen. Cornyn introduced a bill that would require non-citizens from certain "high-risk" countries to notify the government at least 72 hours before they take large amounts of cash or money out of the United States.
• Travelers would have to provide five years of history for all their travel documents, tax identification numbers, and alien registration numbers to help the government track who is moving money.
• The bill requires detailed information about the person receiving the money overseas, including their name, address, phone number, and even their email address.
• A key part of the plan is to find out if the money being sent abroad came from government benefit programs or public contracts, aiming to stop people from sending taxpayer-funded assistance to other countries.
• This rule would apply to people from countries labeled as state sponsors of terrorism or those identified by the State Department as having a high risk of relying on U.S. public benefits.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.