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Bill

HB 4364

Relating to the collection of remittance transfer fees for use in enhancing border security; authorizing a fee; providing a civil penalty.

89th Legislature (2025) Introduced by Brent Money

Texas bill would impose fees on remittance transfers to fund border security operations through dedicated revenue collection from international money transfers.

Referred to Pensions, Investments & Financial Services
#aliens(i0032) #border(s0045) #business&commerce--general(i0050) #comptrollerofpublicaccounts(v2608) #civilremedies&liabilities(i0065) #fees&othernontaxrevenue--state(i0362) #publicsafetycommission(v8707) #publicsafety #departmentof(v0251) #statefinances--management&control(i0748) #terrorism&internalsecurity(s0574)
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Bill Summary · HB 4364

Legislative bill overview

HB 4364 would authorize Texas to collect fees on remittance transfers (money sent out of state/country) and dedicate those revenues to border security operations. The bill creates a new mechanism to fund border security activities through surcharges on financial transactions rather than general state appropriations.

Why is this important

Remittances represent billions in annual outflows, primarily to Mexico and Central America. This proposal would shift border security funding from the general budget to a targeted fee system, potentially affecting millions of Texans who send money to family abroad while raising substantial dedicated revenue for state border operations.

Potential points of contention

  • Regressive impact: Remittance fees disproportionately burden lower-income workers and immigrant communities who regularly send money internationally, creating a potential equity concern
  • Economic competitiveness: Texas financial institutions and money transfer services may face competitive disadvantages compared to other states without such fees, potentially driving business elsewhere
  • Federal jurisdiction questions: Remittance transfers are heavily regulated federally under EFTA and FinCEN rules; state-level fee authority and compliance complexity remain unclear
  • Implementation logistics: Determining which transfers qualify, collection mechanisms, and enforcement of civil penalties could create administrative burden on financial institutions

Compiled from official sources — confirm details with the bill’s official record.

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