(1) IN GENERAL.—Subpart B of part III of 
subchapter A of chapter 61 of such Code is amended 
by adding at the end the following new section: 
‘‘SEC. 
6050BB. 
RETURNS 
RELATING 
TO 
REMITTANCE 
TRANSFERS. 
‘‘(a) IN GENERAL.—Each remittance transfer pro-
vider shall make a return at such time as the Secretary 
may provide setting forth— 
‘‘(1) in the case of a qualified remittance trans-
fer provider with respect to remittance transfers to 
which section 4475(a) does not apply by reason of 
section 4475(c), the aggregate number and value of 
such transfers, 
‘‘(2) in the case of any remittance transfer not 
described in paragraph (1) and with respect to 
which the sender certifies to the remittance transfer 
provider an intent to claim the credit under section 
36C and provides the information described in para-
graph (1)— 
‘‘(A) the name, address, and social security 
number of the sender, 
‘‘(B) the amount of tax paid by the sender 
under section 4475(b)(1), and 
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‘‘(C) the amount of tax remitted by the re-
mittance 
transfer 
provider 
under 
section 
4475(b)(2), and 
‘‘(3) in the case of any remittance transfer not 
included under paragraph (1) or (2)— 
‘‘(A) the aggregate amount of tax paid 
under section 4475(b)(1) with respect to such 
transfers, and 
‘‘(B) the aggregate amount of tax remitted 
under section 4475(b)(2) with respect to such 
transfers. 
‘‘(b) STATEMENT TO BE FURNISHED TO NAMED 
PERSONS.—Every person required to make a return under 
subsection (a) shall furnish, at such time as the Secretary 
may provide, to each person whose name is required to 
be set forth in such return a written statement showing— 
‘‘(1) the name and address of the information 
contact of the required reporting person, and 
‘‘(2) the information described in subsection 
(a)(2) which relates to such person. 
‘‘(c) DEFINITIONS.—Any term used in this section 
which is also used in section 4475 shall have the meaning 
given such term in such section.’’. 
(2) PENALTIES.—Section 6724(d) of such Code 
is amended— 
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(A) in paragraph (1)(B), by striking ‘‘or’’ 
at the end of clause (xxviii), by striking ‘‘and’’ 
at the end of clause (xxix) and inserting ‘‘or’’, 
and by adding at the end the following new 
clause: 
‘‘(xxx) section 6050BB(a) (relating to 
returns relating to remittance transfers),’’, 
and 
(B) in paragraph (2), by striking ‘‘or’’ at 
the end of subparagraph (LL), by striking the 
period at the end of subparagraph (MM) and 
inserting ‘‘, or’’, and by inserting after subpara-
graph (MM) the following new subparagraph: 
‘‘(NN) section 6050BB(b) (relating to 
statements relating to remittance transfers).’’. 
(3) CLERICAL AMENDMENT.—The table of sec-
tions for subpart B of part III of subchapter A of 
chapter 61 of such Code is amended by adding at 
the end the following new item: 
‘‘Sec. 6050AA. Returns relating to remittance transfers.’’. 
(e) EFFECTIVE DATE.— 
(1) IN
GENERAL.—Except as otherwise pro-
vided in this subsection, the amendments made by 
this section shall take effect as if included in section 
70604 of Public Law 119–21. 
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(2) TAX CREDIT.—The amendments made by 
subsection (c) shall apply to taxable years ending 
after December 31, 2025. 
Æ 
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