Rep. Roy Introduces Bill to Tax Foreigners at 25% for Remittances

Washington, D.C. - Today, Congressman Chip Roy (R-TX) introduced the Reducing External Monetary International Transfers to Advance National Capital Efficiency (REMITTANCE) Act, legislation which would tax all aliens at 25% on remittances they send back to their native countries.

"The United States economy has dealt with the inextricably linked harmful effects of unchecked legal and illegal immigration and the drain of American dollars leaving the economy through remittances for decades. An estimated $200 billion in remittance payments leaves the U.S. annually to relatives and business associates abroad, while the foreign nationals who send these monies consume more in American taxpayer-subsidized public services than they pay into, enabling unchecked migration and draining our economy of this capital. The REMITTANCE Act builds upon the remittance fee implemented in the One Big Beautiful Bill Act by increasing it to 25%, affirming Congress's commitment to countering illegal immigration and advancing strong economic policies," said Rep. Roy.

"American taxpayers are forced to pay billions of dollars of our hard-earned money to support foreigners-both legal and illegal-in the United States. The fact that a significant portion of that money is then sent out of our country in the form of remittances is outrageous. We applaud Rep. Roy for introducing the REMITTANCE Act to tax these funds at 25 percent and prioritize keeping American money in America," said Rosemary Jenks, Director of Policy, Immigration Accountability Project.

"Millions of illegal aliens were welcomed into our country under the Biden administration, driving remittances leaving the United States to at least $200 billion annually. The REMITTANCE Act takes bold strides to curb this outflow, protect American taxpayers, and end the exploitation of our laws to fuel illegal immigration and transnational criminal activity. FAIR applauds Congressman Roy for taking decisive action to eliminate the costs of illegal immigration and strengthen the U.S. economy-we're proud to support this bill," said Joe Chatham, Director of Government Relations, Federation for American Immigration Reform.

"Of the countless issues illegal immigration impacts on the American people, remittances - cash payments sent by illegal aliens and cartel members to their home countries - are one of the most harmful. Each year, billions of dollars leave our country instead of remaining in local economies, further straining American taxpayer services used by illegal aliens and allowing Mexican drug cartels to expand their ill-gotten gains. Congress should be deploying all tools in its arsenal to combat the scourges of illegal immigration and cartel influence - Rep. Roy's REMITTANCE Act is a bill that can help advance the fight on both fronts," said Wade Miller, Executive Director, Citizens for Renewing America.

Read the full bill text here.

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