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HR 5978119th CongressIn Committee
Foreign Remittance Accountability and Transparency Act
Introduced: Nov 7, 2025
Sponsor: Rep. Self, Keith [R-TX-3] (R-Texas)
Standard Summary
Comprehensive overview in 1-2 paragraphs
Directs the Comptroller General and Treasury Secretary to investigate foreign government programs that facilitate U.S. federal tax evasion through remittances.
Key Points
- 1Requires study of foreign programs designed to support remittance transfers from U.S. individuals
- 2Must determine if programs intentionally bypass U.S. tax or reporting laws
- 3Requires assessment of scope, financial volume, and policy implications
- 4Report due within 180 days of enactment with policy recommendations
- 5Conducted by Comptroller General in consultation with Treasury Secretary
- 6Sponsored by Representative Self
Impact Areas
International tax evasion preventionForeign government remittance programsU.S. tax compliance and enforcementTreasury Department oversight
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