Foreign Remittance Accountability and Transparency Act

This bill would require the Comptroller General, working with the Secretary of the Treasury, to study foreign government programs that facilitate federal tax evasion. The study would identify foreign programs designed to support money transfers (remittances) from people in the United States to other countries. It would determine whether these programs bypass U.S. tax or reporting laws and whether that is intentional, and it would measure their scope and financial volume. Within 180 days of the bill becoming law, the Comptroller General would report the results to Congress along with recommendations for enforcement or regulatory responses.

Full text and official record on Congress.gov

Sponsors

• Keith Self Republican sponsor
• 0 cosponsors