H.R. 8371 – Border Bonds for America Act of 2022

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Updated February 8, 2026 at 4:38 PM UTC

The Border Bonds for America Act of 2022 creates a way for the Treasury to sell special revenue bonds to raise money for building a physical barrier and related security equipment along the U.S.-Mexico border. The money raised is placed in a new Border Bonds Trust Fund and can be used for fences, roads, lighting, cameras and sensors. The bill mainly affects the Treasury, the Department of Homeland Security, and the border‑security projects that will receive the funding.

Key Provisions

The Treasury may issue 30‑year "Border Bonds" with a maximum face amount of $5 billion each fiscal year, and no interest is paid for the first 10 years after enactment.
Bond issuance must stop 30 years after the law takes effect, creating a built‑in sunset for the program.
The Secretary of the Treasury can accept gifts of money that must be placed into the Border Bonds Trust Fund.
Funds in the new Border Bonds Trust Fund can be spent without further appropriation on reinforced fencing, additional barriers, roads, lighting, cameras and sensors for the southwest border.

Legislative Activity

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3 earlier actions

HouseCommittee Latest Action

Referred to the Subcommittee on Border Security, Facilitation, and Operations.

Border Security and Enforcement Subcommittee

July 15, 2022

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HouseIntro Referral

Introduced in House

July 14, 2022

HouseIntro Referral

Referred to the Committee on Ways and Means, and in addition to the Committee on Homeland Security, 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.

Ways and Means Committee

July 14, 2022

HouseCommittee

Referred to the Subcommittee on Trade.

Trade Subcommittee

July 14, 2022

HouseCommittee

Referred to the Subcommittee on Border Security, Facilitation, and Operations.

Border Security and Enforcement Subcommittee

July 15, 2022

Bill Text

Latest available legislative text

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Introduced in HouseIssued July 14, 2022

I

117th CONGRESS

2d Session

H. R. 8371

IN THE HOUSE OF REPRESENTATIVES

July 14, 2022

Mr. Palazzo (for himself and Mr. Babin) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on Homeland Security, 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 provide for the issuance of revenue bonds to fund construction of a physical border barrier and related technology, roads, and lighting along the United States border with Mexico.

1.

Short title

This Act may be cited as the Border Bonds for America Act of 2022.

2.

Border bonds

(a)

Issuance

The Secretary of the Treasury shall, pursuant to subchapter I of chapter 31 of title 31, United States Code, issue bonds, to be known as Border Bonds.

(b)

Transfer of revenue

Proceeds from the issuance of Border Bonds shall be transferred to the Border Trust Fund as provided in section 9512(b) of the Internal Revenue Code of 1986.

(c)

Terms and conditions

(1)

Term

A bond issued under subsection (a) shall have a term of 30 years.

(2)

Face amount limitation

The face amount of bonds issued under subsection (a) in any fiscal year shall not exceed $5,000,000,000.

(3)

Other terms

The bonds authorized by this subsection shall be in such form and denominations, and shall be subject to such terms and conditions of issue, conversion, redemption, maturation, payment, and rate of interest as the Secretary may prescribe, except that no interest shall be payable with respect to such a bond before the date that is 10 years after the date of the enactment of this subsection.

(4)

Sunset

No bonds may be issued under subsection (a) later than 30 years after the date of the enactment of this Act.

3.

Accepting gifts

Section 3113 of title 31, United States Code, is amended by adding at the end the following new subsection:

(f)

The Secretary of the Treasury may accept for the Government a gift of money made only on the condition that it be transferred to the Border Bonds Trust Fund as provided in section 9512(b) of the Internal Revenue Code of 1986.

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4.

Border Bonds Trust Fund

Chapter 98 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section:

9512.

Border Bonds Trust Fund

(a)

Creation of trust fund

There is established in the Treasury of the United States a trust fund to be known as the Border Bonds Trust Fund, consisting of such amounts as may be apportioned or credited to such Trust Fund as provided in this section or section 9602(b).

(b)

Transfers to trust fund

There are hereby appropriated to the Trust Fund amounts equivalent to—

(1)

proceeds from the issuance of Border Bonds under section 2 of the Border Bonds for America Act of 2022, and

(2)

gifts accepted under section 3113 of title 31, United States Code.

(c)

Expenditures from trust fund

Amounts in the Trust Fund shall be available, without further appropriation, to construct reinforced fencing and provide for the installation of additional physical barriers, roads, lighting, cameras, and sensors to gain operational control of the southwest border under section 102 of the Illegal Immigration Reform and Immigrant Responsibility Act of 1996 (8 U.S.C. 1103 note).

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