Bill · S. 3746· Senate(119-S-3746)
Stopping Transfers of Public Funds Abroad Act
- Introduced
- 1/29/2026
- Last activity
- 1/29/2026 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Bernie Moreno
- Cosponsors
- - 1 - 0
- Introduced
- In Committee
What this bill would do
This bill, titled the "Stopping Transfers of Public Funds Abroad Act," aims to prohibit individuals receiving public assistance from conducting remittance transfers. Under this Act, heads of Federal agencies must require people applying for or reapplying for benefits to sign a written declaration under penalty of perjury. This declaration states that the individual will not perform any remittance transfers while receiving payments or benefits. Anyone who signs this declaration and then conducts a remittance transfer would face a fine of $100,000. The rules would apply to benefits provided more than 30 days after the Act is enacted.
Yes
No question was scored yes.
The opposite· 3 of 7
Would households on low incomes be better off under this?-6
The bill imposes strict requirements and massive fines on households receiving public assistance for sending money abroad.
Would immigrants be better off under this?-6
The bill imposes severe financial penalties on immigrants who rely on public assistance and wish to send money home.
Would Hispanic Americans be better off under this?-5
The bill restricts the ability of many Hispanic American households to send remittances to their families.
Who it would affect, and how
Potential Positive Impacts for People
- There are no specific provisions in the text that identify positive outcomes or benefits for individuals or groups of people.
Potential Negative Impacts for People
-
Financial Penalties: Individuals who sign the required declaration but subsequently conduct a remittance transfer would be subject to a fine of $100,000 (Section 2(a)(2)).
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Administrative Requirements: Individuals applying for or reapplying for any payment or benefit under a public assistance program would be required to provide a written declaration under penalty of perjury (Section 2(a)(1)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Immigrants-6Good For Low Income Households-6Good For Hispanic Americans-5
- Social Issues And Justice
- Improves Racial Equity-5Improves Poverty Reduction-4Improves Pathway To Citizenship-3
- Governance And Ideology
- Improves Due Process-2
- 3/10/2026
- 1 Cosponsor added.
- 1/29/2026
- Read twice and referred to the Committee on Finance.
- Introduced in Senate
Tim SheehyRepublican · Montana