Stopping Transfers of Public Funds Abroad Act

This bill would require federal agencies that run certain public assistance programs to have each person applying or reapplying for benefits sign a written statement, under penalty of perjury, promising not to send money through a remittance transfer while receiving benefits. A remittance transfer is defined using an existing federal law on electronic money transfers, which generally covers sending money to someone in another country. A person who signs the statement and then makes a remittance transfer while receiving benefits would face a $100,000 fine. The rules would apply to benefits provided starting 30 days after the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• Bernie Moreno Republican sponsor
• 1 cosponsors