H.R. 7057 — Introduced in House

I 118th CONGRESS 2d Session H. R. 7057 IN THE HOUSE OF REPRESENTATIVES January 18, 2024Mr. Williams of Texas introduced the following bill; which was referred to the Committee on Financial Services A BILL To require the Financial Stability Oversight Council to report to Congress annually on the threat illegal immigration poses to the financial stability of the United States and recommendations on mitigating such threat, and for other purposes. 1. Short title This Act may be cited as the Evaluating Financial Impacts of Illegal Immigration Act. 2. Annual reporting on the threat of illegal immigration to financial stability Section 112(a)(2)(N) of the Financial Stability Act of 2010 (12 U.S.C. 5322(a)(2)(N)) is amended— (1) in clause (iii), by inserting , including illegal immigration before the semicolon; and (2) in clause (vi)— (A) in subclause (II), by striking and at the end; (B) in subclause (III), by striking the period at the end and inserting ; and; and (C) by adding at the end the following: (IV) to mitigate the financial challenges associated with illegal immigration. .