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.

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.

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.