S. 3516
SenateA bill to impose a fee on certain remittance transfers to fund border security.
Sponsor: Sen. J.D. Vance (R-OH)
The bill has been introduced and is awaiting committee action.
In brief
This bill imposes a 2% fee on remittance transfers made by individuals to recipients in foreign countries. The proceeds from these fees would be directed into a 'Border Security Trust Fund' to pay for infrastructure and technology at the U.S. southern border. It affects individuals and financial institutions performing international money transfers. Introduced by Sen. J.D. Vance (R-OH), it trended on the most-viewed list in early June.
Timeline
Every recorded action, oldest first.
June 7, 2026 · Senate
Introduced
The bill creates a fee on international money transfers to fund border security measures. It was among the top ten most viewed in mid-June.
Next: Referred to the Senate Committee on Finance.
Source