Bills · S 4078
IN COMMITTEE· 119TH CONGRESS
Senate BillS 4078Immigration
Stop Somali CASH Fraud Act
INTRO MAR 12· LAST ACTION MAR 12
READING
3MIN
COSPONSORS
1
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenVoters should care about this bill because it significantly expands government surveillance and reporting requirements for certain financial transactions. If passed, it would create new rules specifically targeting non-U.S. citizens from designated countries when they move money out of the U.S., requiring much more personal data and an earlier reporting deadline. This could impact legitimate remittances (money sent home by immigrants) to the targeted countries and raise questions about privacy and potential profiling.
Proponents argue it's a tool to combat fraud, money laundering, and the financing of terrorism, particularly if U.S. government funds are being misused. Opponents might raise concerns about its broad data collection, potential for discrimination, and impact on individuals' ability to transfer funds for legitimate purposes. If this becomes law, the government would have a more detailed record of financial outflows by specific groups, potentially increasing oversight but also increasing administrative burdens and privacy concerns. If it doesn't pass, the current reporting requirements for over $10,000 would remain unchanged.
KEY PROVISIONS
4AI-extractedPROVISION 01
Requires a report to be filed 72 hours before money or monetary instruments leave the United States if transported by a non-U.S. citizen from a designated country.
This establishes a mandatory advance reporting period, giving authorities more time to review suspicious transactions before funds exit the country.
PROVISION 02
Mandates the collection of extensive personal information about the individual transporting the money, including past identity documents, tax IDs, and alien registration numbers from the previous five years.
This significantly increases the personal data collected on transporters, allowing for a more comprehensive background check and tracking of individuals.
PROVISION 03
Requires detailed information about the beneficiary or recipient of the funds, including their name, address, date of birth, contact details, and identification numbers.
This provision aims to trace the ultimate destination and recipient of funds, enhancing the government's ability to follow the money trail.
PROVISION 04
Demands disclosure of whether the funds originated from any Federal, State, or local government contracts or benefit programs.
This seeks to identify and prevent the potential misuse or fraudulent transfer of taxpayer-funded government money.
SPONSORSHIP
1 + 1
R· Texas
YRS IN OFFICE
23
BILLS LED
136
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 0 REP 1 IND 0
ACTION TIMELINE
2 EVENTSMAR 12
Introduced in Senate
MAR 12
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
BILL INFO
TypeSenate Bill
NumberS 4078
Congress119th
StatusIn Committee
IntroducedMar 12, 2026
Last actionMar 12, 2026
READER REACTIONS
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IN COMMITTEE· 119TH CONGRESS · BANKING, HOUSING, AND URBAN AFFAIRS COMMITTEE · INTRODUCED MAR 12, 2026
Senate BillS 4078Immigration
Stop Somali CASH Fraud Act
INTRODUCED MAR 12, 2026· LAST ACTION MAR 12, 2026
PASSAGE CHANCES
—%
READING
3 min
COSPONSORS
1
COMPLEXITY
Moderate
