S. 3746

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 3746 Introduced in Senate (IS)]

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119th CONGRESS
2d Session
S. 3746

To prohibit individuals receiving public assistance from conducting 
remittance transfers.

_______________________________________________________________________

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.
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