S 2002
REMIT Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 9:01 AM
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The REMIT Act introduces a 15% tax on ‘remittance transfers’ – money sent from the United States to other countries. It aims to capture income earned by U.S. citizens and nationals working abroad. The bill establishes a system for collecting and remitting this tax, with a potential credit available to eligible U.S. citizens and nationals. It also requires remittance transfer providers to report data on these transfers to the IRS, bolstering compliance and transparency.
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