Drooid Logo
Back to today’s briefing

Story perspectives

New Bill Targets Welfare Abuse, Bans Overseas Transfers

1/30/2026

36 6

1 of 1

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.