,,ii #aahth ,,congress #ast ,session ,s4 #ceaf ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,december #ad1 #bjbc,mr4 ,vance introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to impose a fee on certain remittance transfers to fund border security4 #a4 ,remittance transfer fee 7a7 ,in general ,section #ibj of the ,electronic ,fund ,transfer ,act 7relating to remittance transfers7 7#ae ,u4,s4,c4 #afico-#a7 is amended-- 7#a7 by redesignating subsection 7g7 as subsection 7h72 7#b7 by inserting after subsection 7f7 the following3 7g7 ,remittance transfer fee 7#a7 ,in general ,if the designated recipient of a remittance transfer is located outside of the ,united ,states1 a remittance transfer provider shall collect from the sender of such remittance transfer a remittance transfer fee equal to #aj percent of the ,united ,states dollar amount to be transferred4 7#b7 ,transfer of funds ,not later than #ij days after the date of the enactment of this subsection1 the ,secretary of the ,treasury1 in consultation with the ,bureau and remittance transfer providers1 shall develop and make available a system for remittance transfer providers to submit the remittance transfer fees collected in accordance with paragraph 7#a7 to the ,secretary for transfer to the ,border ,enforcement ,trust ,fund in accordance with section #ccdd7;b7 of title #ca1 ,united ,states ,code4 7#c7 ,penalties 7,a7 ,in general ,whoever1 with the intent to evade a remittance transfer fee to be collected in accordance with this subsection1 and who has knowledge that1 at the time of such remittance transfer1 the value of the funds involved in the transfer will be further transferred to a recipient located outside of the ,united ,states1 requests or facilitates such remittance transfer to a recipient located outside of the ,united ,states-- 7i7 shall be subject to a penalty of not more than the greater of-- 7,i7 #ejj1jjj2 or 7,,ii7 twice the value of the funds involved in such remittance transfer2 7ii7 imprisonment for not more than #bj years2 or 7iii7 both penalties set forth in clauses 7i7 and 7ii74 7,b7 ,aiding or harboring an individual conspiring to avoid the fee ,any foreign country that1 in the joint determination of the ,secretary of ,homeland ,security1 the ,secretary of the ,treasury1 and the ,secretary of ,state1 aids or harbors an individual conspiring to avoid the fee collected in accordance with this subsection shall be ineligible1 in the discretion of the ,secretaries described in this subparagraph-- 7i7 to receive ,united ,states foreign assistance2 or 7ii7 to participate in the visa waiver program under section #bag of the ,immigration and ,nationality ,act 7#h ,u4,s4,c4 #aahg7 or any other immigration program4 2 and 7#c7 in subsection 7h77#b71 as redesignated-- 7,a7 in subparagraph 7,a71 by striking and at the end2 7,b7 in subparagraph 7,b71 by adding and at the end2 and 7,c7 by adding at the end the following3 7,c7 for purposes of applying the fee required under subsection 7g77#a71 does not include payments for valuable consideration4 4 7b7 ,refundable income tax credit allowed to citizens of the ,united ,states for remittance transfer fees 7#a7 ,in general ,subpart ,c of part ,,iv of subchapter ,a of chapter #a of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following3 #cf;,c4 ,remittance transfer fees of ,united ,states citizens ,in the case of any individual who is a citizen of the ,united ,states1 there shall be allowed as a credit against the tax imposed by this subtitle for any taxable year an amount equal to the aggregate amount of remittance transfer fees paid by such individual under section #ibj7;g7 of the ,electronic ,fund ,transfer ,act 7#ae ,u4,s4,c4 #afico-#a7;g77 during such taxable year4 4 7#b7 ,conforming amendments 7,a7 ,section #fbaa7;b77#d77;,a7 of the ,internal ,revenue ,code of #aihf is amended by inserting #cf;,c1 after #cf;,b14 7,b7 ,section #acbd7;b77#b of title #ca1 ,united ,states ,code1 is amended by inserting #cf;,c1 after #cf;,b14 7,c7 ,the table of sections for subpart ,c of part ,,iv of subchapter ,a of chapter #a of the ,internal ,revenue ,code of #aihf is amended by inserting after the item relating to section #cf;,b the following new item3 ,sec4 #cf;,c4 ,remittance transfer fees of ,united ,states citizens4 4 7#c7 ,effective date ,the amendments made by this subsection shall apply to taxable years ending after the date of the enactment of this ,act4 7c7 ,report regarding amount of remittance transfers to each foreign country ,the ,commissioner of ,u4,s4 ,customs and ,border ,protection shall submit an annual report to the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate1 the ,committee on ,homeland ,security and ,governmental ,affairs of the ,senate1 the ,committee on ,financial ,services of the ,house of ,representatives1 and the ,committee on ,homeland ,security of the ,house of ,representatives that describes the aggregate amount of remittance transfers made to each foreign country during the year to which such report relates4 #b4 ,border ,enforcement ,trust ,fund 7a7 ,establishment ,subchapter ,,iii of chapter #cc of title #ca1 ,united ,states ,code1 is amended by adding at the end the following3 #ccdd4 ,border ,enforcement ,trust ,fund4 7a7 ,establishment of trust fund ,not later than #fj days after the date of the enactment of this section1 the ,secretary of the ,treasury shall establish an account in the ,treasury of the ,united ,states1 which shall be known as the ,border ,enforcement ,trust ,fund 7referred to in this section as the ,trust ,fund74 7b7 ,transfers to ,trust ,fund 7#a7 ,in general ,there shall be deposited into the ,trust ,fund1 from amounts collected as remittance transfer fees under section #ibj7;g7 of the ,electronic ,fund ,transfer ,act 7#ae ,u4,s4,c4 #afico-#a7;g771 an amount equal to the difference between-- 7,a7 the amount of such remittance transfer fees collected after the establishment of the ,trust ,fund2 and 7,b7 the amount of credits allowed under section #cf;,c of the ,internal ,revenue ,code of #aihf with respect to such remittance transfer fees4 7#b7 ,timing and estimates ,amounts described in paragraph 7#a7 shall be deposited into the ,trust ,fund by the ,secretary of the ,treasury at least monthly from the general fund of the ,treasury on the basis of estimates made by the ,secretary of the ,treasury4 ,proper adjustments shall be made in amounts subsequently transferred to the extent prior estimates were in excess of1 or less than1 the amounts required to be deposited pursuant to this subsection4 7c7 ,expenditures from ,trust ,fund ,amounts in the ,trust ,fund may only be used1 consistent with appropriation ,acts-- 7#a7 to employ and train additional ,u4,s4 ,border ,patrol agents2 7#b7 to employ and train officers and support staff employed in enforcement and removal operations of ,u4,s4 ,immigration and ,customs ,enforcement2 7#c7 to plan1 design1 construct1 improve1 or maintain barriers along the international border between the ,united ,states and ,mexico2 and 7#d7 to plan1 design1 construct1 improve1 or maintain detention facilities for aliens residing in the ,united ,states without lawful immigration status4 4 7b7 ,clerical amendment ,the chapter analysis for chapter #cc of title #ca1 ,united ,states ,code1 is amended by inserting at the end the following3 #ccdd4 ,border ,enforcement ,trust ,fund4 4