Us Congress 2025-2026 Regular Session

Us Congress House Bill HB445 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	I
2	2	119THCONGRESS
3	3	1
4	4	STSESSION H. R. 445
5	5	To establish trust funds relating to border security, and for other purposes.
6	6	IN THE HOUSE OF REPRESENTATIVES
7	7	JANUARY15, 2025
8	8	Mr. M
9	9	ORAN(for himself, Mr. ELLZEY, Mr. SELF, Mr. BABIN, Mr. GOODEN,
10	10	Mr. N
11	11	EHLS, and Mr. WEBERof Texas) introduced the following bill;
12	12	which was referred to the Committee on Homeland Security, and in addi-
13	13	tion to the Committee on Financial Services, for a period to be subse-
14	14	quently determined by the Speaker, in each case for consideration of such
15	15	provisions as fall within the jurisdiction of the committee concerned
16	16	A BILL
17	17	To establish trust funds relating to border security, and
18	18	for other purposes.
19	19	Be it enacted by the Senate and House of Representa-1
20	20	tives of the United States of America in Congress assembled, 2
21	21	SECTION 1. SHORT TITLE. 3
22	22	This Act may be cited as the ‘‘Border Security In-4
23	23	vestment Act’’. 5
24	24	SEC. 2. ESTABLISHMENT OF TRUST FUNDS RELATING TO 6
25	25	BORDER SECURITY. 7
26	26	(a) A
27	27	DDITIONALREMITTANCETRANSFERFEES.— 8
28	28	Section 920 of the Electronic Fund Transfer Act (relating 9
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31	31	•HR 445 IH
32	32	to remittance transfers) (15 U.S.C. 1693o–1) is amend-1
33	33	ed— 2
34	34	(1) by redesignating subsection (g) as sub-3
35	35	section (h); and 4
36	36	(2) by inserting after subsection (f) the fol-5
37	37	lowing: 6
38	38	‘‘(g) A
39	39	DDITIONALREMITTANCEFEES.— 7
40	40	‘‘(1) I
41	41	N GENERAL.—A remittance transfer pro-8
42	42	vider that is a money services business shall impose 9
43	43	a fee on each person sending a remittance transfer 10
44	44	to a covered country in an amount equal to 37 per-11
45	45	cent of the remittance transfer amount. 12
46	46	‘‘(2) T
47	47	RANSFER OF FEES .—All fees collected 13
48	48	under this subsection shall be submitted to the De-14
49	49	partment of the Treasury for deposit in the general 15
50	50	fund, in such form and in such manner as the Sec-16
51	51	retary of the Treasury shall establish by rule. 17
52	52	‘‘(3) D
53	53	EFINITIONS.—In this subsection: 18
54	54	‘‘(A) C
55	55	OVERED COUNTRY .—With respect 19
56	56	to a fiscal year, the term ‘covered country’ 20
57	57	means each country identified by the Commis-21
58	58	sioner of U.S. Customs and Border Protection 22
59	59	as one of the 5 countries that had the most citi-23
60	60	zens or nationals unlawfully enter the United 24
61	61	States during the previous fiscal year. 25
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64	64	•HR 445 IH
65	65	‘‘(B) MONEY SERVICES BUSINESS .—The 1
66	66	term ‘money services business’ has the meaning 2
67	67	given that term under section 1010.100 of title 3
68	68	31, Code of Federal Regulations.’’. 4
69	69	(b) B
70	70	ORDERSECURITYSTATEREIMBURSEMENT 5
71	71	T
72	72	RUSTFUND.— 6
73	73	(1) I
74	74	N GENERAL.—There is established in the 7
75	75	Treasury a trust fund, to be known as the ‘‘Border 8
76	76	Security State Reimbursement Trust Fund’’ (in this 9
77	77	section referred to as the ‘‘Reimbursement Fund’’), 10
78	78	consisting of amounts transferred under paragraph 11
79	79	(2) and any amounts credited under paragraph (3). 12
80	80	(2) T
81	81	RANSFER.—In the fiscal year that begins 13
82	82	immediately after the date of the enactment of this 14
83	83	Act and each fiscal year thereafter, the Secretary of 15
84	84	the Treasury shall transfer to the Reimbursement 16
85	85	Fund, from the general fund of the Treasury, an 17
86	86	amount equal to fifty percent of the total amount of 18
87	87	remittance fees collected under subsection (g)(2) of 19
88	88	section 920 of the Electronic Fund Transfer Act (re-20
89	89	lating to remittance transfers; 15 U.S.C. 1693o–1) 21
90	90	during the immediately preceding fiscal year. 22
91	91	(3) I
92	92	NVESTMENT OF AMOUNTS .— 23
93	93	(A) I
94	94	N GENERAL.—The Secretary of the 24
95	95	Treasury shall invest such portion of the Reim-25
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98	98	•HR 445 IH
99	99	bursement Fund as is not required to meet cur-1
100	100	rent withdrawals in interest-bearing obligations 2
101	101	of the United States or in obligations guaran-3
102	102	teed as to both principal and interest by the 4
103	103	United States. 5
104	104	(B) I
105	105	NTEREST AND PROCEEDS .—The in-6
106	106	terest on, and the proceeds from the sale or re-7
107	107	demption of, any obligations held in the Reim-8
108	108	bursement Fund shall be credited to the Reim-9
109	109	bursement Fund. 10
110	110	(4) P
111	111	URPOSE; APPLICATION.— 11
112	112	(A) I
113	113	N GENERAL.—Amounts in the Reim-12
114	114	bursement Fund shall be available to the Sec-13
115	115	retary of Homeland Security, without further 14
116	116	appropriation, to reimburse border States for 15
117	117	expenditures incurred by such States relating to 16
118	118	border security enforcement measures. 17
119	119	(B) A
120	120	PPLICATION.—Not later than 30 18
121	121	days after the date of the enactment of this 19
122	122	Act, a border State may apply to the Secretary 20
123	123	to receive amounts from the Reimbursement 21
124	124	Fund by submitting receipts, in such form and 22
125	125	manner as the Secretary deems appropriate, of 23
126	126	expenditures relating to border security enforce-24
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129	129	•HR 445 IH
130	130	ment measures made during the immediately 1
131	131	preceding fiscal year. 2
132	132	(C) A
133	133	MOUNT.—The Secretary shall 3
134	134	promptly distribute from the Reimbursement 4
135	135	Fund, to any border State that submits an ap-5
136	136	plication under subparagraph (B), an amount 6
137	137	equal to the proportion that the amount ex-7
138	138	pended by such a border State in the applicable 8
139	139	immediately preceding fiscal year bears to the 9
140	140	total amount expended in such fiscal year by all 10
141	141	such border States so submitting an applica-11
142	142	tion. 12
143	143	(D) B
144	144	ORDER SECURITY ENFORCEMENT 13
145	145	MEASURES.—In this subparagraph, an expendi-14
146	146	ture by a border State shall be deemed to be re-15
147	147	lated to border security enforcement measures 16
148	148	if that expenditure directly or indirectly was 17
149	149	used for the mission of deterring unlawful 18
150	150	crossings, detecting unlawful activity and entry 19
151	151	into the United States, or for gaining oper-20
152	152	ational control of the southwest border. 21
153	153	(c) B
154	154	ORDERSECURITYTRUSTFUND.— 22
155	155	(1) I
156	156	N GENERAL.—There is established in the 23
157	157	Treasury a trust fund, to be known as the ‘‘Border 24
158	158	Security Trust Fund’’ (in this section referred to as 25
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161	161	•HR 445 IH
162	162	the ‘‘Security Fund’’), consisting of amounts trans-1
163	163	ferred under paragraph (2) and any amounts cred-2
164	164	ited under paragraph (3). 3
165	165	(2) T
166	166	RANSFERS.—In the fiscal year that begins 4
167	167	immediately after the date of the enactment of this 5
168	168	Act and each fiscal year thereafter, the Secretary of 6
169	169	the Treasury shall transfer to the Security Fund, 7
170	170	from the general fund of the Treasury, an amount 8
171	171	equal to fifty percent of the total amount of remit-9
172	172	tance fees collected under subsection (g)(2) of sec-10
173	173	tion 920 of the Electronic Fund Transfer Act (relat-11
174	174	ing to remittance transfers; 15 U.S.C. 1693o–1) 12
175	175	during the immediately preceding fiscal year. 13
176	176	(3) I
177	177	NVESTMENT OF AMOUNTS .— 14
178	178	(A) I
179	179	N GENERAL.—The Secretary of the 15
180	180	Treasury shall invest such portion of the Secu-16
181	181	rity Fund as is not required to meet current 17
182	182	withdrawals in interest-bearing obligations of 18
183	183	the United States or in obligations guaranteed 19
184	184	as to both principal and interest by the United 20
185	185	States. 21
186	186	(B) I
187	187	NTEREST AND PROCEEDS .—The in-22
188	188	terest on, and the proceeds from the sale or re-23
189	189	demption of, any obligations held in the Secu-24
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192	192	•HR 445 IH
193	193	rity Fund shall be credited to the Security 1
194	194	Fund. 2
195	195	(4) P
196	196	URPOSES.—Amounts in the Security Fund 3
197	197	shall be available to the Secretary of Homeland Se-4
198	198	curity, without further appropriation, for the fol-5
199	199	lowing purposes: 6
200	200	(A) The deployment of technology intended 7
201	201	to detect and prevent unlawful crossings along 8
202	202	the United States-Mexico border. 9
203	203	(B) The installation of physical barriers at 10
204	204	the southern border. 11
205	205	(C) Wages and salaries for U.S. Border 12
206	206	Patrol agents. 13
207	207	(d) R
208	208	ESCISSION OFEXCESSAMOUNTS.—If the sum 14
209	209	of the total funds in each of the Reimbursement Fund and 15
210	210	the Security Fund is greater than $50,000,000,000, an 16
211	211	amount equal to the funds in excess of $50,000,000,000 17
212	212	shall be— 18
213	213	(1) permanently rescinded from such total 19
214	214	funds; and 20
215	215	(2) deposited in the general fund of the Treas-21
216	216	ury where such funds shall be— 22
217	217	(A) dedicated for the sole purpose of def-23
218	218	icit reduction; and 24
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221	221	•HR 445 IH
222	222	(B) prohibited from use as an offset for 1
223	223	other spending increases or revenue reductions. 2
224	224	(e) E
225	225	FFECTIVEDATE.—This Act and the amendment 3
226	226	made by this Act shall take effect and apply not later than 4
227	227	30 days after the date of the enactment of this Act. 5
228	228	Æ
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