To limit the imposition of excise taxes and fees on money transmitting businesses, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To limit the imposition of excise taxes and fees on money transmitting businesses, and for other purposes., changes federal law or congressional policy affecting federal agencies and legislative administrators. The main policy domain is Government Operations, Finance, Foreign Policy.
Who Benefits and How
federal agencies and legislative administrators may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H36CB480C62B04AB6B5E72788DDE587B2: 1. Short title This Act may be cited as the Remittance Expense Minimization and Integrity for Transfers Act or the REMIT Act of 2025.
- Section H83CA0C1D75EC4C658501E89CE3BF3E73: 2. Findings The Congress finds the following: Remittances are essential cross-border flows of funds from diaspora community members who sent money or goods...
- Section HE0DF37CD232A4AA4A276BE77F424ED8A: 3. Excise taxes and fees Notwithstanding any other provision of law. it is not permissible for the Federal Government to require a money transmitting business...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To limit the imposition of excise taxes and fees on money transmitting businesses, and for other purposes., changes federal law or congressional policy affecting federal agencies and legislative administrators.
Key Policy Areas
Government Operations, Finance, Foreign Policy
Primary Purpose
This bill, To limit the imposition of excise taxes and fees on money transmitting businesses, and for other purposes., changes federal law or congressional policy affecting federal agencies and legislative administrators.
Policy Domains
Whole bill
Identified Gains
- federal agencies and legislative administrators
Identified Costs
- federal implementing agencies
Sponsors
Legislative Progress
IntroducedMr. Liccardo (for himself, Mr. Correa, Mr. Torres of New …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_treasury"
- → Secretary of the Treasury
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology