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Stopping Transfers of Public Funds Abroad Act
To prohibit individuals receiving public assistance from conducting remittance transfers.
Summary
This bill requires federal agencies administering public assistance programs to require applicants and reapplicants to sign a written declaration stating they will not conduct remittance transfers—sending money to recipients abroad—while receiving benefits. Individuals who sign such a declaration and then transfer funds through a remittance transfer while receiving public assistance would be subject to a fine of $100,000. The bill applies to public assistance programs defined under federal regulations and becomes effective 30 days after enactment.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Sen. Moreno, Bernie [R-OH] (R-OH)
1 cosponsor
- Sen. Sheehy, Tim [R-MT] (R-MT)
Actions (2)
- Jan 29, 2026 Read twice and referred to the Committee on Finance. · senate
- Jan 29, 2026 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE SENATE OF THE UNITED STATES
January 29, 2026
Mr. Moreno introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To prohibit individuals receiving public assistance from conducting remittance transfers.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Stopping Transfers of Public Funds Abroad Act”.
SEC. 2. PROHIBITING INDIVIDUALS RECEIVING PUBLIC ASSISTANCE FROM CONDUCTING REMITTANCE TRANSFERS.
(a) In General.—
(1) Enforcement.—The head of any Federal agency responsible for the administration of any public assistance program shall require any individual applying or reapplying for any payment or other benefit under such program to provide a written declaration, under penalty of perjury pursuant to section 1746 of title 28, United States Code, that such individual will not transfer any funds through a remittance transfer during any period in which such individual receives any payment or other benefit under such program.
(2) Penalty.—Any individual who has provided a written declaration described in paragraph (1) and subsequently transferred funds through a remittance transfer during any period in which such individual received any payment or other benefit under the public assistance program to which such declaration applies shall be subject to a fine of $100,000.
(b) Definitions.—In this section:
(1) Public assistance program.—The term “public assistance program” means any program described in paragraph
(1), (2), (3), (4), (5), or (7) of section 416.1142(a) of title 20, Code of Federal Regulations (as in effect of the date of enactment of this Act).
(2) Remittance transfer.—The term “remittance transfer” has the same meaning given such term under section 920(g) of the Electronic Fund Transfer Act (15 U.S.C. 1693o-1(g)).
(c) Effective Date.—This section shall apply to any payment or other benefit under a public assistance program which is provided after the date which is 30 days after the date of enactment of this Act. <all>
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