[Congressional Record (Bound Edition), Volume 153 (2007), Part 4]
[House]
[Page 5605]
[From the U.S. Government Publishing Office, www.gpo.gov]




                            DIRECTO A MEXICO

  (Mr. POE asked and was given permission to address the House for 1 
minute.)
  Mr. POE. Mr. Speaker, the Federal Government is helping and 
encouraging illegals in this country to send money south of the border. 
Here is how it works.
  The Federal Reserve, in a program called Directo a Mexico, allows 
illegals that have no Social Security numbers and no American IDs to 
send billions of dollars through U.S. banks to Mexico.
  The Federal Reserve, also at taxpayer expense, provides banks with 
promotional marketing propaganda in Spanish so as to appeal to the 
ever-growing illegal population. This untaxed money to Mexico is about 
$23 billion a year and a drain on the United States economy.
  The banks make a profit off the illegals and their transfers. It is 
all about banking greed. These transactions should be taxed, and the 
banks should be required to collect the taxes.
  Keep some of that money in the United States to pay for all the 
social services that illegals obtain and don't pay for. Banks should 
not be in the business of helping illegals in the United States send 
money anywhere, and neither should our Federal Government, for that 
matter. But banking greed seems to rule the day.
  And that's just the way it is.

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