HR 1813, also called the Border Wall Funding Act of 2017, would impose a 2% fee on all money being sent across the border by wire transfer to countries south of the United States. According to Representative Rogers’ press release, Mexico alone received over $24 Billion via this method in 2014, and other countries received over 15% of their total national GDP from these international money transfers from the United States.
“President Trump has made it very clear that he intends to complete a wall along our Southern border. As a senior member of the Homeland Security committee, I have long supported the border wall, which will protect Americans.”
“In order to jumpstart the funding of the wall, I have introduced a bill to impose a 2% fee on remittances sent south of the border. This bill is simple – anyone who sends their money to countries that benefit from our porous borders and illegal immigration should be responsible for providing some of the funds needed to complete the wall. This bill keeps money in the American economy, and most importantly, it creates a funding stream to build the wall,”
– Rep. Mike Rogers (R-AL03)
There are not currently any estimates as to exactly how much money this proposal would raise.
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