I 

118TH CONGRESS 

1ST SESSION H. R. 672 

To establish trust funds relating to border security, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

JANUARY 31, 2023 

Mr. MORAN (for himself, Mr. DESJARLAIS, Mr. ELLZEY, Ms. GRANGER, Mr. 

BABIN, Mr. GOODEN of Texas, Mr. NEHLS, Ms. VAN DUYNE, Mr. 

WEBER of Texas, Mr. CLOUD, Mr. SELF, Mr. LUTTRELL, and Mr. JACKSON of Texas) introduced the following bill; which was referred to the 

Committee on Homeland Security, and in addition to the Committee on 

Financial Services, for a period to be subsequently determined by the 

Speaker, in each case for consideration of such provisions as fall within 

the jurisdiction of the committee concerned 

A BILL 

To establish trust funds relating to border security, and 

for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Border Security In5 vestment Act’’. 


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1 SEC. 2. ESTABLISHMENT OF TRUST FUNDS RELATING TO 

2 BORDER SECURITY. 

3 (a) ADDITIONAL REMITTANCE TRANSFER FEES.— 

4 Section 920 of the Electronic Fund Transfer Act (relating 

5 to remittance transfers) (15 U.S.C. 1693o–1) is amend6 ed— 

7 (1) by redesignating subsection (g) as sub8 section (h); and 

9 (2) by inserting after subsection (f) the fol10 lowing: 

11 ‘‘(g) ADDITIONAL REMITTANCE FEES.— 

12 ‘‘(1) IN GENERAL.—A remittance transfer pro13 vider that is a money services business shall impose 

14 a fee on each person sending a remittance transfer 

15 to a covered country in an amount equal to 37 per16 cent of the remittance transfer amount. 

17 ‘‘(2) TRANSFER OF FEES.—All fees collected 

18 under this subsection shall be submitted to the De19 partment of the Treasury for deposit in the general 

20 fund, in such form and in such manner as the Sec21 retary of the Treasury shall establish by rule. 

22 ‘‘(3) DEFINITIONS.—In this subsection: 

23 ‘‘(A) COVERED COUNTRY.—With respect 

24 to a fiscal year, the term ‘covered country’ 

25 means each country identified by the Commis26 sioner of U.S. Customs and Border Protection 


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1 as one of the 5 countries that had the most citi2 zens or nationals unlawfully enter the United 

3 States during the previous fiscal year. 

4 ‘‘(B) MONEY SERVICES BUSINESS.—The 

5 term ‘money services business’ has the meaning 

6 given that term under section 1010.100 of title 

7 31, Code of Federal Regulations.’’. 

8 (b) BORDER SECURITY STATE REIMBURSEMENT

9 TRUST FUND.— 

10 (1) IN GENERAL.—There is established in the 

11 Treasury a trust fund, to be known as the ‘‘Border 

12 Security State Reimbursement Trust Fund’’ (in this 

13 section referred to as the ‘‘Reimbursement Fund’’), 

14 consisting of amounts transferred under paragraph 

15 (2) and any amounts credited under paragraph (3). 

16 (2) TRANSFER.—In fiscal year 2025 and each 

17 fiscal year thereafter, the Secretary of the Treasury 

18 shall transfer to the Reimbursement Fund, from the 

19 general fund of the Treasury, an amount equal to 

20 fifty percent of the total amount of remittance fees 

21 collected under subsection (g)(2) of section 920 of 

22 the Electronic Fund Transfer Act (relating to remit23 tance transfers; 15 U.S.C. 1693o–1) during the im24 mediately preceding fiscal year. 

25 (3) INVESTMENT OF AMOUNTS.— 


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1 (A) IN GENERAL.—The Secretary of the 

2 Treasury shall invest such portion of the Reim3 bursement Fund as is not required to meet cur4 rent withdrawals in interest-bearing obligations 

5 of the United States or in obligations guaran6 teed as to both principal and interest by the 

7 United States. 

8 (B) INTEREST AND PROCEEDS.—The in9 terest on, and the proceeds from the sale or re10 demption of, any obligations held in the Reim11 bursement Fund shall be credited to the Reim12 bursement Fund. 

13 (4) PURPOSE; APPLICATION.— 

14 (A) IN GENERAL.—Amounts in the Reim15 bursement Fund shall be available to the Sec16 retary of Homeland Security, without further 

17 appropriation, to reimburse border States for 

18 expenditures incurred by such States relating to 

19 border security enforcement measures. 

20 (B) APPLICATION.—Not later than 30 

21 days after the beginning of any fiscal year be22 ginning in fiscal year 2025, a border State may 

23 apply to the Secretary to receive amounts from 

24 the Reimbursement Fund by submitting re25 ceipts, in such form and manner as the SecVerDate Sep 11 2014 23:44 Feb 15, 2023 Jkt 039200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6201 E:\BILLS\H672.IH H672

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1 retary deems appropriate, of expenditures relat2 ing to border security enforcement measures 

3 made during the immediately preceding fiscal 

4 year. 

5 (C) AMOUNT.—The Secretary shall 

6 promptly distribute from the Reimbursement 

7 Fund, to any border State that submits an ap8 plication under subparagraph (B), an amount 

9 equal to the proportion that the amount ex10 pended by such a border State in the applicable 

11 immediately preceding fiscal year bears to the 

12 total amount expended in such fiscal year by all 

13 such border States so submitting an applica14 tion. 

15 (D) BORDER SECURITY ENFORCEMENT

16 MEASURES.—In this subparagraph, an expendi17 ture by a border State shall be deemed to be re18 lated to border security enforcement measures 

19 if that expenditure directly or indirectly was 

20 used for the mission of deterring unlawful 

21 crossings, detecting unlawful activity and entry 

22 into the United States, or for gaining oper23 ational control of the southwest border. 

24 (c) BORDER SECURITY TRUST FUND.— 


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1 (1) IN GENERAL.—There is established in the 

2 Treasury a trust fund, to be known as the ‘‘Border 

3 Security Trust Fund’’ (in this section referred to as 

4 the ‘‘Security Fund’’), consisting of amounts trans5 ferred under paragraph (2) and any amounts cred6 ited under paragraph (3). 

7 (2) TRANSFERS.—In fiscal year 2025 and each 

8 fiscal year thereafter, the Secretary of the Treasury 

9 shall transfer to the Security Fund, from the general 

10 fund of the Treasury, an amount equal to fifty per11 cent of the total amount of remittance fees collected 

12 under subsection (g)(2) of section 920 of the Elec13 tronic Fund Transfer Act (relating to remittance 

14 transfers; 15 U.S.C. 1693o–1) during the imme15 diately preceding fiscal year. 

16 (3) INVESTMENT OF AMOUNTS.— 

17 (A) IN GENERAL.—The Secretary of the 

18 Treasury shall invest such portion of the Secu19 rity Fund as is not required to meet current 

20 withdrawals in interest-bearing obligations of 

21 the United States or in obligations guaranteed 

22 as to both principal and interest by the United 

23 States. 

24 (B) INTEREST AND PROCEEDS.—The in25 terest on, and the proceeds from the sale or reVerDate Sep 11 2014 23:44 Feb 15, 2023 Jkt 039200 PO 00000 Frm 00006 Fmt 6652 Sfmt 6201 E:\BILLS\H672.IH H672

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1 demption of, any obligations held in the Secu2 rity Fund shall be credited to the Security 

3 Fund. 

4 (4) PURPOSES.—Amounts in the Security Fund 

5 shall be available to the Secretary of Homeland Se6 curity, without further appropriation, for the fol7 lowing purposes: 

8 (A) The deployment of technology intended 

9 to detect and prevent unlawful crossings along 

10 the United States-Mexico border. 

11 (B) The installation of physical barriers at 

12 the southern border. 

13 (C) Wages and salaries for U.S. Border 

14 Patrol agents. 

15 (d) RESCISSION OF EXCESS AMOUNTS.—If the sum 

16 of the total funds in each of the Reimbursement Fund and 

17 the Security Fund is greater than $50,000,000,000, an 

18 amount equal to the funds in excess of $50,000,000,000 

19 shall be— 

20 (1) permanently rescinded from such total 

21 funds; and 

22 (2) deposited in the general fund of the Treas23 ury where such funds shall be— 

24 (A) dedicated for the sole purpose of def25 icit reduction; and 


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1 (B) prohibited from use as an offset for 

2 other spending increases or revenue reductions. 

3 (e) EFFECTIVE DATE.—This Act and the amendment 

4 made by this Act shall take effect and apply beginning 

5 on January 1, 2024. 

Æ 


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