Relating to the collection of remittance transfer fees for use in enhancing border security; authorizing a fee; providing a civil penalty.
Impact
The bill will amend existing finance and government codes to establish a framework for collecting and utilizing these fees. The funds collected will be utilized for activities such as employing and training border security personnel, constructing infrastructure to prevent illegal border crossings, and maintaining detention facilities for unauthorized aliens. This approach is part of a broader strategy to bolster state-level initiatives aimed at managing immigration and enhancing overall border security.
Summary
House Bill 4364 aims to enhance border security in Texas by authorizing the collection of fees on remittance transfers, which are money transfers made by residents to recipients outside of the United States. Specifically, the bill mandates that remittance transfer providers charge consumers a fee of five percent on the total amount of the remittance. These fees will be directed into a specially created 'border security enhancement fund' intended to finance various security measures along the Texas border.
Contention
There may be significant debate surrounding this bill, particularly regarding the implications of charging fees on remittance transfers. Advocates of border security will likely support the initiative as it directly contributes to funding security efforts, framing it as a necessary measure for public safety. However, opponents may argue that the financial burden on individuals making remittances could disproportionately affect low-income communities, where sending money home is a vital financial practice. This legislation will thus face scrutiny concerning its economic impact and ethical considerations related to immigration enforcement.
Texas Constitutional Statutes Affected
Government Code
Chapter 411. Department Of Public Safety Of The State Of Texas
Relating to the establishment of a registry for and requiring the registration of certain unmanned teller machines; imposing a fee; providing a civil penalty.
Relating to the establishment of a registry for and requiring the registration of certain unmanned teller machines; imposing a fee; providing a civil penalty.