Border Security Investment Act
Sponsored By: Representative Moran, Nathaniel [R-TX-1]
In Committee
Summary
Creates a new 37% remittance fee to fund border security and channels the money into two trust funds that reimburse border states and pay for technology, barriers, and Border Patrol pay. The fee targets remittances sent through money services businesses to the five countries that had the most citizens or nationals unlawfully enter the United States in the prior fiscal year.
Show full summary
- Families and senders: Remittances sent to a covered country through a money services business are charged a 37% fee. This directly raises the cost of sending money to those five identified countries.
- Border states: A Border Security State Reimbursement Trust Fund pays states back for documented border security expenditures. Payments are made proportionally based on each applying state's reported spending.
- Border operations and agents: A separate Border Security Trust Fund funds deployment of detection technology, installation of physical barriers along the U.S.-Mexico border, and wages and salaries for U.S. Border Patrol agents.
- Fiscal rule: If the combined balances of the two trust funds exceed $50.0 billion, the excess is permanently rescinded and deposited in the general fund to be used for deficit reduction.
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 0 benefits, 1 costs, 1 mixed.
New 37% fee on some remittances
If enacted, you would pay a 37% fee when you send money to a covered country through a money services business. Covered countries would be the five nations CBP says had the most unlawful entrants last year. Providers would collect the fee and send it to the U.S. Treasury. This would start within 30 days of enactment.
New border security trust funds
The bill would set up two Treasury trust funds for border security. Starting the next fiscal year, each fund would get 50% of the prior year’s remittance fees. One fund would repay border States for documented border security costs; States could apply within 30 days of enactment and get paid in proportion to their spending. The other fund would pay for detection technology, southern border barriers, and Border Patrol wages. If both funds together ever exceed $50 billion, the extra money would be removed and used only to reduce the federal deficit. Most rules would start within 30 days of enactment, and transfers would begin the following fiscal year.
Sponsors & CoSponsors
Sponsor
Moran, Nathaniel [R-TX-1]
TX • R
Cosponsors
Ellzey
TX • R
Sponsored 1/15/2025
Rep. Self, Keith [R-TX-3]
TX • R
Sponsored 1/15/2025
Babin
TX • R
Sponsored 1/15/2025
Rep. Gooden, Lance [R-TX-5]
TX • R
Sponsored 1/15/2025
Nehls
TX • R
Sponsored 1/15/2025
Rep. Weber, Randy K. Sr. [R-TX-14]
TX • R
Sponsored 1/15/2025
Goldman (TX)
TX • R
Sponsored 2/5/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov