S. 3746

119 S3746 IS: Stopping Transfers of Public Funds Abroad Act
 U.S. Senate
 2026-01-29
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 II  119th CONGRESS  2d Session  S. 3746  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.
1.
Short title
This Act may be cited as the   Stopping Transfers of Public Funds Abroad Act  .
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.