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. JACK-
SON 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. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Border Security In-
vestment Act’’. 
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SEC. 2. ESTABLISHMENT OF TRUST FUNDS RELATING TO 
BORDER SECURITY. 
(a) ADDITIONAL REMITTANCE TRANSFER FEES.— 
Section 920 of the Electronic Fund Transfer Act (relating 
to remittance transfers) (15 U.S.C. 1693o–1) is amend-
ed— 
(1) by redesignating subsection (g) as sub-
section (h); and 
(2) by inserting after subsection (f) the fol-
lowing: 
‘‘(g) ADDITIONAL REMITTANCE FEES.— 
‘‘(1) IN GENERAL.—A remittance transfer pro-
vider that is a money services business shall impose 
a fee on each person sending a remittance transfer 
to a covered country in an amount equal to 37 per-
cent of the remittance transfer amount. 
‘‘(2) TRANSFER
OF
FEES.—All fees collected 
under this subsection shall be submitted to the De-
partment of the Treasury for deposit in the general 
fund, in such form and in such manner as the Sec-
retary of the Treasury shall establish by rule. 
‘‘(3) DEFINITIONS.—In this subsection: 
‘‘(A) COVERED
COUNTRY.—With respect 
to a fiscal year, the term ‘covered country’ 
means each country identified by the Commis-
sioner of U.S. Customs and Border Protection 
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as one of the 5 countries that had the most citi-
zens or nationals unlawfully enter the United 
States during the previous fiscal year. 
‘‘(B) MONEY
SERVICES
BUSINESS.—The 
term ‘money services business’ has the meaning 
given that term under section 1010.100 of title 
31, Code of Federal Regulations.’’. 
(b) BORDER SECURITY STATE REIMBURSEMENT 
TRUST FUND.— 
(1) IN GENERAL.—There is established in the 
Treasury a trust fund, to be known as the ‘‘Border 
Security State Reimbursement Trust Fund’’ (in this 
section referred to as the ‘‘Reimbursement Fund’’), 
consisting of amounts transferred under paragraph 
(2) and any amounts credited under paragraph (3). 
(2) TRANSFER.—In fiscal year 2025 and each 
fiscal year thereafter, the Secretary of the Treasury 
shall transfer to the Reimbursement Fund, from the 
general fund of the Treasury, an amount equal to 
fifty percent of the total amount of remittance fees 
collected under subsection (g)(2) of section 920 of 
the Electronic Fund Transfer Act (relating to remit-
tance transfers; 15 U.S.C. 1693o–1) during the im-
mediately preceding fiscal year. 
(3) INVESTMENT OF AMOUNTS.— 
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(A) IN GENERAL.—The Secretary of the 
Treasury shall invest such portion of the Reim-
bursement Fund as is not required to meet cur-
rent withdrawals in interest-bearing obligations 
of the United States or in obligations guaran-
teed as to both principal and interest by the 
United States. 
(B) INTEREST AND PROCEEDS.—The in-
terest on, and the proceeds from the sale or re-
demption of, any obligations held in the Reim-
bursement Fund shall be credited to the Reim-
bursement Fund. 
(4) PURPOSE; APPLICATION.— 
(A) IN GENERAL.—Amounts in the Reim-
bursement Fund shall be available to the Sec-
retary of Homeland Security, without further 
appropriation, to reimburse border States for 
expenditures incurred by such States relating to 
border security enforcement measures. 
(B) APPLICATION.—Not later than 30 
days after the beginning of any fiscal year be-
ginning in fiscal year 2025, a border State may 
apply to the Secretary to receive amounts from 
the Reimbursement Fund by submitting re-
ceipts, in such form and manner as the Sec-
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retary deems appropriate, of expenditures relat-
ing to border security enforcement measures 
made during the immediately preceding fiscal 
year. 
(C) 
AMOUNT.—The 
Secretary 
shall 
promptly distribute from the Reimbursement 
Fund, to any border State that submits an ap-
plication under subparagraph (B), an amount 
equal to the proportion that the amount ex-
pended by such a border State in the applicable 
immediately preceding fiscal year bears to the 
total amount expended in such fiscal year by all 
such border States so submitting an applica-
tion. 
(D) BORDER
SECURITY
ENFORCEMENT 
MEASURES.—In this subparagraph, an expendi-
ture by a border State shall be deemed to be re-
lated to border security enforcement measures 
if that expenditure directly or indirectly was 
used for the mission of deterring unlawful 
crossings, detecting unlawful activity and entry 
into the United States, or for gaining oper-
ational control of the southwest border. 
(c) BORDER SECURITY TRUST FUND.— 
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(1) IN GENERAL.—There is established in the 
Treasury a trust fund, to be known as the ‘‘Border 
Security Trust Fund’’ (in this section referred to as 
the ‘‘Security Fund’’), consisting of amounts trans-
ferred under paragraph (2) and any amounts cred-
ited under paragraph (3). 
(2) TRANSFERS.—In fiscal year 2025 and each 
fiscal year thereafter, the Secretary of the Treasury 
shall transfer to the Security Fund, from the general 
fund of the Treasury, an amount equal to fifty per-
cent of the total amount of remittance fees collected 
under subsection (g)(2) of section 920 of the Elec-
tronic Fund Transfer Act (relating to remittance 
transfers; 15 U.S.C. 1693o–1) during the imme-
diately preceding fiscal year. 
(3) INVESTMENT OF AMOUNTS.— 
(A) IN GENERAL.—The Secretary of the 
Treasury shall invest such portion of the Secu-
rity Fund as is not required to meet current 
withdrawals in interest-bearing obligations of 
the United States or in obligations guaranteed 
as to both principal and interest by the United 
States. 
(B) INTEREST AND PROCEEDS.—The in-
terest on, and the proceeds from the sale or re-
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demption of, any obligations held in the Secu-
rity Fund shall be credited to the Security 
Fund. 
(4) PURPOSES.—Amounts in the Security Fund 
shall be available to the Secretary of Homeland Se-
curity, without further appropriation, for the fol-
lowing purposes: 
(A) The deployment of technology intended 
to detect and prevent unlawful crossings along 
the United States-Mexico border. 
(B) The installation of physical barriers at 
the southern border. 
(C) Wages and salaries for U.S. Border 
Patrol agents. 
(d) RESCISSION OF EXCESS AMOUNTS.—If the sum 
of the total funds in each of the Reimbursement Fund and 
the Security Fund is greater than $50,000,000,000, an 
amount equal to the funds in excess of $50,000,000,000 
shall be— 
(1) permanently rescinded from such total 
funds; and 
(2) deposited in the general fund of the Treas-
ury where such funds shall be— 
(A) dedicated for the sole purpose of def-
icit reduction; and 
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(B) prohibited from use as an offset for 
other spending increases or revenue reductions. 
(e) EFFECTIVE DATE.—This Act and the amendment 
made by this Act shall take effect and apply beginning 
on January 1, 2024. 
Æ 
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