Story perspectives
New Bill Targets Welfare Abuse, Bans Overseas Transfers
1/30/2026
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Story summary
- Sen. Bernie Moreno (R-Ohio) introduced the Stopping Transfers of Public Funds Abroad Act.
- The bill bars recipients from sending money overseas.
- It requires a benefit-declaration for recipients, with fines up to $100,000.
- Moreno says the measure targets welfare abuse following a Minnesota fraud scandal.
- The United States remains a leading remittance source, with annual outflows of $80–$90 billion.
