I 
119TH CONGRESS 
1ST SESSION H. R. 5595 
To amend the Internal Revenue Code of 1986 to modify the tax on remittance 
transfers. 
IN THE HOUSE OF REPRESENTATIVES 
SEPTEMBER 26, 2025 
Mr. MCGUIRE introduced the following bill; which was referred to the 
Committee on Ways and Means 
A BILL 
To amend the Internal Revenue Code of 1986 to modify 
the tax on remittance transfers. 
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 ‘‘ ‘‘Requiring Excise for 
Migrant Income Transfers Act’’ or the ‘‘REMIT Act’’.’’ 
SEC. 2. MODIFICATION OF TAX ON REMITTANCE TRANS-
FERS. 
(a) INCREASE IN RATE OF TAX.—Section 4475(a) of 
the Internal Revenue Code of 1986 is amended by striking 
‘‘1 percent’’ and inserting ‘‘15 percent’’. 
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(b) EXCEPTION FOR REMITTANCE TRANSFERS SENT 
BY CITIZENS AND NATIONALS OF THE UNITED STATES 
THROUGH CERTAIN PROVIDERS.—Section 4475 of such 
Code is amended by redesignating subsections (d) through 
(f) as subsections (e) through (g), respectively, and by in-
serting after subsection (b) the following new subsection: 
‘‘(c) EXCEPTION
FOR
REMITTANCE
TRANSFERS 
SENT BY CITIZENS AND NATIONALS OF THE UNITED 
STATES THROUGH CERTAIN PROVIDERS.— 
‘‘(1) IN
GENERAL.—Subsection (a) shall not 
apply to any remittance transfer with respect to 
which the remittance transfer provider is a qualified 
remittance transfer provider and the sender is a 
verified United States sender. 
‘‘(2) QUALIFIED REMITTANCE TRANSFER PRO-
VIDER.—For purposes of this subsection, the term 
‘qualified remittance transfer provider’ means any 
remittance transfer provider which enters into a 
written agreement with the Secretary pursuant to 
which such provider agrees to verify the status of 
senders as citizens or nationals of the United States 
in such manner, and in accordance with such proce-
dures, as the Secretary may specify. 
‘‘(3) VERIFIED UNITED STATES SENDER.—For 
purposes of this subsection, the term ‘verified United 
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States sender’ means any sender who is verified by 
a qualified remittance transfer provider as being a 
citizen or national of the United States pursuant to 
an agreement described in paragraph (2).’’. 
(c) REFUNDABLE INCOME TAX CREDIT ALLOWED TO 
CITIZENS AND NATIONALS OF THE UNITED STATES FOR 
EXCISE TAX ON REMITTANCE TRANSFERS.— 
(1) IN GENERAL.—Subpart C of part IV of sub-
chapter A of chapter 1 of such Code is amended by 
inserting after section 36B the following new sec-
tion: 
‘‘SEC. 36C. CREDIT FOR EXCISE TAX ON REMITTANCE 
TRANSFERS OF CITIZENS AND NATIONALS OF 
THE UNITED STATES. 
‘‘(a) IN GENERAL.—In the case of any individual, 
there shall be allowed as a credit against the tax imposed 
by this subtitle for any taxable year an amount equal to 
the aggregate amount of taxes paid by such individual 
under section 4475 during such taxable year. 
‘‘(b) SOCIAL SECURITY NUMBER REQUIREMENT.— 
‘‘(1) IN GENERAL.—No credit shall be allowed 
under this section unless the taxpayer includes on 
the return of tax for the taxable year— 
‘‘(A) the individual’s social security num-
ber, and 
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‘‘(B) if the individual is married, the social 
security number of such individuals’s spouse. 
‘‘(2) SOCIAL
SECURITY
NUMBER.—For pur-
poses of this subsection, the term ‘social security 
number’ has the meaning given such term in section 
24(h)(7). 
‘‘(3) MARRIED INDIVIDUALS.—Rules similar to 
the rules of section 32(d) shall apply to this section. 
‘‘(c) SUBSTANTIATION REQUIREMENTS.—No credit 
shall be allowed under this section unless the taxpayer 
demonstrates to the satisfaction of the Secretary that the 
tax under section 4475 with respect to which such credit 
is determined— 
‘‘(1) was paid by the taxpayer, and 
‘‘(2) is with respect to a remittance transfer 
with respect to which the taxpayer provided to the 
remittance transfer provider the certification and in-
formation referred to in section 6050BB(a)(2). 
‘‘(d) DEFINITIONS.—Any term used in this section 
which is also used in section 4475 shall have the meaning 
given such term in section 4475. 
‘‘(e) APPLICATION OF ANTI-CONDUIT RULES.—For 
rules providing for the application of the anti-conduit rules 
of section 7701(l) to remittance transfers, see section 
4475(g).’’. 
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(2) CONFORMING AMENDMENTS.— 
(A) Section 6211(b)(4)(A) of such Code is 
amended by inserting ‘‘36C,’’ after ‘‘36B,’’. 
(B) Section 6213(g)(2) of such Code is 
amended by striking ‘‘and’’ at the end of sub-
paragraph (Z), by striking the period at the end 
of subparagraph (AA) and inserting ‘‘, and’’, 
and by inserting after subparagraph (AA) the 
following new subparagraph: 
‘‘(BB) an omission of a correct social secu-
rity number under section 36C(b) to be in-
cluded on a return.’’. 
(C) Section 1324(b)(2) of title 31, United 
States Code, is amended by inserting ‘‘36C,’’ 
after ‘‘36B,’’. 
(D) The table of sections for subpart C of 
part IV of subchapter A of chapter 1 of the In-
ternal Revenue Code of 1986 is amended by in-
serting after the item relating to section 36B 
the following new item: 
‘‘Sec. 36C. Credit for excise tax on remittance transfers of citizens and nation-
als of the United States.’’. 
(d) REPORTING BY REMITTANCE TRANSFER PRO-
VIDERS.— 
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