House Bill Slaps 37% Fee on Immigrant Remittances

New fee threatens remittance lifeline for immigrants and developing nations.

WASHINGTON — A bill introduced in the House of Representatives on January 15, 2025, seeks to bolster border security through a steep fee on remittance transfers, a move that could significantly affect immigrants in the United States and the economies of numerous countries reliant on these funds. The Border Security Investment Act, or H.R. 445, proposes a 37% fee on money transfers sent to specific countries, potentially disrupting the financial lifeline for immigrant communities and nations abroad.