Foreign Remittance Accountability and Transparency Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5978 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 5978

    To direct the Comptroller General of the United States and the 
    Secretary of the Treasury to investigate and report on foreign 
        government programs that facilitate Federal tax evasion.


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                    IN THE HOUSE OF REPRESENTATIVES

                            November 7, 2025

   Mr. Self introduced the following bill; which was referred to the 
                      Committee on Ways and Means

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                                 A BILL


 
    To direct the Comptroller General of the United States and the 
    Secretary of the Treasury to investigate and report on foreign 
        government programs that facilitate Federal tax evasion.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Foreign Remittance Accountability 
and Transparency Act''.

SEC. 2. STUDY AND REPORT.

    (a) Study.--The Comptroller General of the United States 
(hereinafter the ``Comptroller General''), in consultation with the 
Secretary of the Treasury (or the Secretary's delegate), shall conduct 
a study on foreign government programs that facilitate Federal tax 
evasion. In conducting the study, the Comptroller General shall--
            (1) identify foreign programs explicitly designed to 
        support remittance transfers from individuals in the United 
        States,
            (2) determine whether programs identified in paragraph (1) 
        bypass the tax laws or reporting laws of the United States and 
        whether such bypass is intentional, and
            (3) identify the scope, financial volume, and policy 
        implications of programs identified in paragraph (1).
    (b) Report.--Not later than 180 days after the date of the 
enactment of this Act, the Comptroller General shall submit to Congress 
a report that contains--
            (1) the results of the study required by subsection (a), 
        and
            (2) policy recommendations for enforcement or regulatory 
        responses to such results.
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