Prohibits the foreign remittance transfer of funds to unauthorized aliens

Summary

The bill would force licensed money‑transfer businesses to confirm that anyone sending money abroad does not lack legal authorization to work in the United States. They must submit quarterly verification reports, and any violation would incur a penalty equal to 25% of the transferred amount, with the money placed in Missouri's disaster fund. The measure also creates record‑keeping, audit, and enforcement procedures.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share