119th Congress

H.R.8995

REMITTANCE Act Reducing External Monetary International Transfers To Advance National Capital Efficiency Act

Introduced·5/21/26

Prefiled

Introduced5/21/26

Chamber Passed

Final Passage

Complete

Introduced

H. R. 8995

May 21, 2026

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

A BILL

To amend the Internal Revenue Code of 1986 to modify the excise tax on remittance transfers, and for other purposes.

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 “Reducing External Monetary International Transfers To Advance National Capital Efficiency Act” or the “REMITTANCE Act”.