Introduced
S. 2002
Introduced in Senate · June 18, 2025June 10, 2025
Mr. Schmitt introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to establish a tax on remittance transfers.
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 “Requiring Excise for Migrant Income Transfers Act” or the “REMIT Act”.