Congressman Keith Self Introduces Foreign Remittance Accountability and Transparency Act

Congressman Keith Self (TX-03) introduced the Foreign Remittance Accountability and Transparency Act, legislation requiring the Comptroller General and the Secretary of the Treasury to investigate and report on foreign government programs that facilitate federal tax evasion.

The bill directs a comprehensive study to identify foreign programs explicitly designed to channel remittance transfers from individuals in the United States. It requires investigators to determine whether such programs are being used to intentionally bypass U.S. tax or reporting laws and to assess the financial scale, scope, and policy implications of these activities.

Within 180 days of enactment, the Comptroller General must provide Congress with a detailed report, including policy recommendations for enforcement or regulatory responses.

"Every dollar lost to foreign tax-evasion schemes is a dollar stolen from American taxpayers," said Congressman Self. "This legislation ensures our citizens aren't left footing the bill for those who exploit these loopholes."

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