Barletta Co-Sponsors Bill to Help Fund Southern Border Wall

Mar 30, 2017
Press Release
Border Wall Funding Act of 2017 Levies Fee on Money Sent Out of the U.S.

WASHINGTON – Congressman Lou Barletta (PA-11) today announced the introduction of a bill he co-sponsored that would help to pay for President Donald J. Trump’s proposed wall along the southern border.  Introduced by Rep. Mike D. Rogers (AL-03), with additional sponsors Reps. Mo Brooks (AL-05) and Matt Gaetz (FL-01), the Border Wall Funding Act of 2017 would impose a two percent fee on all remittances, or wire transfers, headed south of the U.S. border and dedicate a portion of that revenue to help fund the president’s proposed border wall.

“Since my time as mayor of Hazleton, I have been fighting to secure our borders,” Barletta said.   “We have immigration laws for two basic reasons: to preserve American jobs and to protect national security.  We cannot do either if we continue to allow illegal immigrants to flow across our unsecured borders.  I’m proud to work with Congressman Rogers on this bill, which reinforces these two important principles and will help President Trump fulfill his promise to stand-up for American workers and keep our citizens safe.”

“As members of the Homeland Security committee, Congressman Barletta and I have long supported the border wall, which will protect Americans,” Rogers said.  “I am pleased he’s joined me in this effort to require anyone who sends their money to countries that benefit from our porous borders and illegal immigration to be responsible for providing some of the funds needed to complete the wall.” 

More than $54 billion leaves the United States each year through various means, including remittances, which are largely used to move money from this country to an individual’s home country.  In 2014, Mexico alone received $24.4 billion in remittances.  Other South and Central American countries receive remittances that account for nearly 15 percent of their Gross Domestic Products.

The Border Wall Funding Act of 2017 is meant to keep money in the American economy and serve as a steady funding stream for border security infrastructure.  The bill covers all remittances, regardless of the sender’s immigration status, and includes strong penalties for tax fraud and evasion.  In addition to funding the wall, revenue generated by the remittances fee will be used to reimburse businesses for the cost of complying with certain regulations the bill creates.

 

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