S. 3746Senate119th Congress (2025-2027)In Committee

Stopping Transfers of Public Funds Abroad Act

Introduced January 29, 2026

AI-Generated Summary

Updated February 20, 2026 at 11:21 AM UTC

The bill, called the Stopping Transfers of Public Funds Abroad Act, would bar people who receive federal public assistance from sending money abroad through remittance services. Recipients would have to sign a declaration promising not to make such transfers, and violating that promise would result in a $100,000 fine. The rule would cover all listed public assistance programs and become active 30 days after the law is passed.

Key Provisions

  • Anyone who receives any public assistance must sign a written statement, under penalty of perjury, promising not to send money abroad through a remittance transfer while they are receiving that assistance.
  • If a person who signed the statement later makes a remittance transfer, they can be fined $100,000.
  • The rule applies to all programs listed in the federal regulations for public assistance and uses the standard definition of “remittance transfer” from the Electronic Fund Transfer Act.
  • The requirement takes effect 30 days after the law is enacted.

Legislative Activity

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1 earlier action
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance.

January 29, 2026

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SenateIntro Referral

Introduced in Senate

January 29, 2026

SenateIntro Referral

Read twice and referred to the Committee on Finance.

January 29, 2026

Floor Debate

2 members

What members said about S. 3746 on the floor

1 Republican1 Democrat
Bernie Moreno
Sen. Bernie MorenoR-OH · Feb 25, 2026

Mr. President, I rise today to propose a very simple bill that I think most Americans can understand. It has a very simple basic principle: If you are on any type of government aid, you are…

Ron Wyden
Sen. Ron WydenD-OR · Feb 25, 2026

Mr. President, reserving the right to object, this legislation prohibits any individual--senior citizens, people with disabilities, our veterans, refugees, and the poorest of the poor--from sending…

Bill Text

Latest available legislative text

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Introduced in SenateIssued January 29, 2026

II

119th CONGRESS

2d Session

S. 3746

IN THE SENATE OF THE UNITED STATES

January 29, 2026

Mr. Moreno introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To prohibit individuals receiving public assistance from conducting remittance transfers.

1.

Short title

This Act may be cited as the Stopping Transfers of Public Funds Abroad Act.

2.

Prohibiting individuals receiving public assistance from conducting remittance transfers

(a)

In general

(1)

Enforcement

The head of any Federal agency responsible for the administration of any public assistance program shall require any individual applying or reapplying for any payment or other benefit under such program to provide a written declaration, under penalty of perjury pursuant to section 1746 of title 28, United States Code, that such individual will not transfer any funds through a remittance transfer during any period in which such individual receives any payment or other benefit under such program.

(2)

Penalty

Any individual who has provided a written declaration described in paragraph (1) and subsequently transferred funds through a remittance transfer during any period in which such individual received any payment or other benefit under the public assistance program to which such declaration applies shall be subject to a fine of $100,000.

(b)

Definitions

In this section:

(1)

Public assistance program

The term public assistance program means any program described in paragraph (1), (2), (3), (4), (5), or (7) of section 416.1142(a) of title 20, Code of Federal Regulations (as in effect of the date of enactment of this Act).

(2)

Remittance transfer

The term remittance transfer has the same meaning given such term under section 920(g) of the Electronic Fund Transfer Act (15 U.S.C. 1693o–1(g)).

(c)

Effective date

This section shall apply to any payment or other benefit under a public assistance program which is provided after the date which is 30 days after the date of enactment of this Act.