[Congressional Record Volume 164, Number 28 (Tuesday, February 13, 2018)]
[Senate]
[Pages S910-S911]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1944. Mr. KENNEDY submitted an amendment intended to be proposed 
by him to the bill H.R. 2579, to amend the Internal Revenue Code of 
1986 to allow the premium tax credit with respect to unsubsidized COBRA 
continuation coverage; which was ordered to lie on the table; as 
follows:

       At the appropriate place, insert the following:

     SEC. __. STATUS VERIFICATION FOR REMITTANCE TRANSFERS.

       (a) In General.--Section 919 of the Electronic Fund 
     Transfer Act (relating to remittance transfers) (15 U.S.C. 
     1693o-1) is amended--
       (1) by redesignating subsection (g) as subsection (h); and
       (2) by inserting after subsection (f) the following:
       ``(g) Status Verification of Sender.--
       ``(1) Request for proof of status.--
       ``(A) In general.--Each remittance transfer provider shall 
     request from each sender of a remittance transfer, the 
     recipient of which is located in any country other than the 
     United States, proof of the status of that sender under the 
     immigration laws, prior to the initiation of the remittance 
     transfer.
       ``(B) Acceptable documentation.--Acceptable documentation 
     of the status of the sender under this paragraph--
       ``(i) shall be, in any State that requires proof of legal 
     residence--

       ``(I) a State-issued driver's license or Federal passport; 
     or
       ``(II) the same documentation as required by the State for 
     proof of identity for the issuance of a driver's license, or 
     as required for a passport;

       ``(ii) shall be, in any State that does not require proof 
     of legal residence, such documentation as the Bureau shall 
     require, by rule; and
       ``(iii) does not include any matricula consular card.
       ``(2) Fine for noncompliance.--Each remittance transfer 
     provider shall impose on any sender who is unable to provide 
     the proof of status requested under paragraph (1) at the time 
     of transfer, a fine equal to 7 percent of the United States 
     dollar amount to be transferred (excluding any fees or other 
     charges imposed by the remittance transfer provider).
       ``(3) Submission of fines to bureau.--All fines imposed and 
     collected by a remittance transfer provider under paragraph 
     (2) shall be submitted to the Bureau, in such form and in 
     such manner as the Bureau shall establish, by rule.
       ``(4) Administrative and enforcement costs.--The Bureau 
     shall use fines submitted under paragraph (3) to pay the 
     administrative and enforcement costs to the Bureau in 
     carrying out this subsection.
       ``(5) Use of fines for border protection.--Amounts from the 
     collection of fines under this subsection that remain 
     available

[[Page S911]]

     after the payment of expenses described in paragraph (4), 
     shall be transferred by the Bureau to the Treasury, to be 
     used to pay expenses relating to United States Customs and 
     Border Protection for border security fencing, 
     infrastructure, and technology.
       ``(6) Definition relating to immigration status.--In this 
     subsection, the term `immigration laws' has the same meaning 
     as in section 101(a) of the Immigration and Nationality Act 
     (8 U.S.C. 1101(a)).''.
       (b) Study and Report Regarding Remittance Transfer 
     Processing Fines and Identification Program.--
       (1) Study.--The Comptroller General of the United States 
     shall conduct a study to determine the effects of the 
     enactment of section 919(g) of the Electronic Fund Transfer 
     Act, as amended by this section.
       (2) Report.--Not later than 1 year after the date of 
     enactment of this Act, the Comptroller General shall submit 
     to the Committee on Banking, Housing, and Urban Affairs and 
     the Committee on Homeland Security and Governmental Affairs 
     of the Senate and the Committee on Financial Services of the 
     House of Representatives a report on the results of the study 
     conducted under paragraph (1) that includes--
       (A) an analysis of the costs and benefits of complying with 
     section 919(g) of the Electronic Fund Transfer Act, as 
     amended by this section; and
       (B) recommendations about whether the fines imposed under 
     that section 919(g) should be extended or increased.
                                 ______