,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #eeie  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,septemb] #bf1        
#bjbe,mr4 ,mc,guire introduc$ ! foll[+  
bill2 :i* 0 ref]r$ to ! ,committee on   
,ways & ,means  ,a ,,bill  ,to am5d !   
,int]nal ,rev5ue ,code ( #aihf to modify
 ! tax on remittance transf]s4  #a4     
,%ort title ,?is ,act may be cit$ z !   
,requir+ ,excise = ,migrant ,income     
,transf]s ,act0 or ! 8,,remit ,act4  #b4
 ,modification ( tax on remittance      
transf]s  7a7 ,increase 9 rate ( tax    
,section #ddge7;a7 ( ! ,int]nal ,rev5ue 
,code ( #aihf is am5d$ by /rik+ #a p]c5t
 & ins]t+ #ae p]c5t4  7b7 ,exception =  
remittance transf]s s5t by citiz5s &    
nationals ( ! ,unit$ ,/ates ?r\gh c]ta9 
provid]s ,section #ddge ( su* ,code is  
am5d$ by r$esignat+ subsections 7d7     
?r\gh 7f7 z subsections 7e7 ?r\gh 7g71  
respectively1 & by ins]t+ aft]          
subsection 7b7 ! foll[+ new subsection3 
7c7 ,exception = remittance transf]s s5t
 by citiz5s & nationals ( ! unit$ /ates 

?r\gh c]ta9 provid]s  7#a7 ,9 g5]al     
,subsection 7a7 %all n apply to any     
remittance transf] ) respect to :i* !   
remittance transf] provid] is a qualifi$
 remittance transf] provid] & ! s5d] is 
a v]ifi$ ,unit$ ,/ates s5d]4  7#b7      
,qualifi$ remittance transf] provid] ,= 
purposes ( ?is subsection1 ! t]m        
qualifi$ remittance transf] provid]     
means any remittance transf] provid] :i*
 ent]s into a writt5 agreem5t ) !       
,secret>y pursuant to :i* su* provid]   
agrees to v]ify ! /atus ( s5d]s z       
citiz5s or nationals ( ! ,unit$ ,/ates 9
 su* mann]1 & 9 accordance ) su*        
proc$ures1 z ! ,secret>y may specify4   
7#c7 ,v]ifi$ unit$ /ates s5d] ,=        
purposes ( ?is subsection1 ! t]m v]ifi$ 
,unit$ ,/ates s5d] means any s5d] :o is 
v]ifi$ by a qualifi$ remittance transf] 
provid] z be+ a citiz5 or national ( !  
,unit$ ,/ates pursuant to an agreem5t   
describ$ 9 p>agraph 7#b74  4  7c7       
,refundable income tax cr$it all[$ to   
citiz5s & nationals ( ! unit$ /ates =   

excise tax on remittance transf]s  7#a7 
,9 g5]al ,subp>t ,c ( "p ,,iv ( sub*apt]
 ,a ( *apt] #a ( su* ,code is am5d$ by  
ins]t+ aft] section #cf;,b ! foll[+ new 
section3  #cf;,c4 ,cr$it = excise tax on
 remittance transf]s ( citiz5s &        
nationals ( ! unit$ /ates  7a7 ,9 g5]al 
,9 ! case ( any individual1 !re %all be 
all[$ z a cr$it aga9/ ! tax impos$ by   
?is subtitle = any taxable ye> an am\nt 
equal to ! aggregate am\nt ( taxes paid 
by su* individual "u section #ddge dur+ 
su* taxable ye>4  7b7 ,social security  
numb] requirem5t  7#a7 ,9 g5]al ,no     
cr$it %all be all[$ "u ?is section      
unless ! taxpay] includes on ! return ( 
tax = ! taxable ye>-- 7,a7 !            
individual's social security numb]1 &   
7,b7 if ! individual is m>ri$1 ! social 
security numb] ( su* individuals's      
sp\se4  7#b7 ,social security numb] ,=  
purposes ( ?is subsection1 ! t]m social 
security numb] has ! mean+ giv5 su* t]m 
9 section #bd7;h77#g74  7#c7 ,m>ri$     
individuals ,rules simil> to ! rules (  

section #cb7;d7 %all apply to ?is       
section4  7c7 ,sub/antiation requirem5ts
 ,no cr$it %all be all[$ "u ?is section 
unless ! taxpay] demon/rates to !       
satisfaction ( ! ,secret>y t ! tax "u   
section #ddge ) respect to :i* su* cr$it
 is det]m9$-- 7#a7 0 paid by ! taxpay]1 
&  7#b7 is ) respect to a remittance    
transf] ) respect to :i* ! taxpay]      
provid$ to ! remittance transf] provid] 
! c]tification & in=mation ref]r$ to 9  
section #fjej;,,bb7a77#b74  7d7         
,def9itions ,any t]m us$ 9 ?is section  
:i* is also us$ 9 section #ddge %all h !
 mean+ giv5 su* t]m 9 section #ddge4    
7e7 ,application ( anti-,conduit rules  
,= rules provid+ = ! application ( !    
anti-conduit rules ( section #ggja7l7 to
 remittance transf]s1 see section       
#ddge7;g74  4  7#b7 ,con=m+ am5dm5ts    
7,a7 ,section #fbaa7;b77#d77;,a7 ( su*  
,code is am5d$ by ins]t+ #cf;,c1 aft]   
#cf;,b14  7,b7 ,section #fbac7;g77#b7 ( 
su* ,code is am5d$ by /rik+ & at ! end (
 subp>agraph 7,z71 by /rik+ ! p]iod at !

 end ( subp>agraph 7,,aa7 & ins]t+ 1 &1 
& by ins]t+ aft] subp>agraph 7,,aa7 !   
foll[+ new subp>agraph3 7,,bb7 an       
omission ( a correct social security    
numb] "u section #cf;,c7b7 to be includ$
 on a return4 4  7,c7 ,section          
#acbd7;b77#b7 ( title #ca1 ,unit$ ,/ates
 ,code1 is am5d$ by ins]t+ #cf;,c1 aft] 
#cf;,b14  7,d7 ,! table ( sections =    
subp>t ,c ( "p ,,iv ( sub*apt] ,a (     
*apt] #a ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by ins]t+ aft] ! item    
relat+ to section #cf;,b ! foll[+ new   
item3  ,sec4 #cf;,c4 ,cr$it = excise tax
 on remittance transf]s ( citiz5s &     
nationals ( ! ,unit$ ,/ates4  4  7d7    
,report+ by remittance transf] provid]s 
7#a7 ,9 g5]al ,subp>t ,b ( "p ,,iii (   
sub*apt] ,a ( *apt] #fa ( su* ,code is  
am5d$ by add+ at ! end ! foll[+ new     
section3  #fjej;,,bb4 ,returns relat+ to
 remittance transf]s  7a7 ,9 g5]al ,ea* 
remittance transf] provid] %all make a  
return at su* "t z ! ,secret>y may      
provide sett+ =?-- 7#a7 9 ! case ( a    

qualifi$ remittance transf] provid] )   
respect to remittance transf]s to :i*   
section #ddge7;a7 does n apply by reason
 ( section #ddge7;c71 ! aggregate numb] 
& value ( su* transf]s1  7#b7 9 ! case (
 any remittance transf] n describ$ 9    
p>agraph 7#a7 & ) respect to :i* ! s5d] 
c]tifies to ! remittance transf] provid]
 an int5t to claim ! cr$it "u section   
#cf;,c & provides ! in=mation describ$ 9
 p>agraph 7#a7-- 7,a7 ! "n1 address1 &  
social security numb] ( ! s5d]1  7,b7 ! 
am\nt ( tax paid by ! s5d] "u section   
#ddge7;b77#a71 &  7,c7 ! am\nt ( tax    
remitt$ by ! remittance transf] provid] 
"u section #ddge7;b77#b71 &  7#c7 9 !   
case ( any remittance transf] n includ$ 
"u p>agraph 7#a7 or 7#b7-- 7,a7 !       
aggregate am\nt ( tax paid "u section   
#ddge7;b77#a7 ) respect to su* transf]s1
 &  7,b7 ! aggregate am\nt ( tax remitt$
 "u section #ddge7;b77#b7 ) respect to  
su* transf]s4  7b7 ,/atem5t ,to be      
furni%$ to nam$ p]sons ,e p]son requir$ 
to make a return "u subsection 7a7 %all 

furni%1 at su* "t z ! ,secret>y may     
provide1 to ea* p]son ^: "n is requir$  
to be set =? 9 su* return a writt5      
/atem5t %[+-- 7#a7 ! "n & address ( !   
in=mation contact ( ! requir$ report+   
p]son1 &  7#b7 ! in=mation describ$ 9   
subsection 7a77#b7 :i* relates to su*   
p]son4  7c7 ,def9itions ,any t]m us$ 9  
?is section :i* is also us$ 9 section   
#ddge %all h ! mean+ giv5 su* t]m 9 su* 
section4  4  7#b7 ,p5alties ,section    
#fgbd7;d7 ( su* ,code is am5d$-- 7,a7 9 
p>agraph 7#a77;,b71 by /rik+ or at ! end
 ( clause 7xxviii71 by /rik+ & at ! end 
( clause 7xxix7 & ins]t+ or1 & by add+  
at ! end ! foll[+ new clause3  7xxx7    
section #fjej;,,bb7a7 7relat+ to returns
 relat+ to remittance transf]s71  1 &   
7,b7 9 p>agraph 7#b71 by /rik+ or at !  
end ( subp>agraph 7,,ll71 by /rik+ !    
p]iod at ! end ( subp>agraph 7,,mm7 &   
ins]t+ 1 or1 & by ins]t+ aft]           
subp>agraph 7,,mm7 ! foll[+ new         
subp>agraph3 7,,nn7 section             
#fjej;,,bb7b7 7relat+ to /atem5ts relat+

 to remittance transf]s74 4  7#c7       
,cl]ical am5dm5t ,! table ( sections =  
subp>t ,b ( "p ,,iii ( sub*apt] ,a (    
*apt] #fa ( su* ,code is am5d$ by add+  
at ! end ! foll[+ new item3  ,sec4      
#fjej;,,aa4 ,returns relat+ to          
remittance transf]s4  4  7e7 ,effective 
date  7#a7 ,9 g5]al ,except z o!rwise   
provid$ 9 ?is subsection1 ! am5dm5ts    
made by ?is section %all take effect z  
if includ$ 9 section #gjfjd ( ,public   
,law #aai-ba4  7#b7 ,tax cr$it ,!       
am5dm5ts made by subsection 7c7 %all    
apply to taxable ye>s end+ aft] ,decemb]
 #ca1 #bjbe4