Remittance Expense Minimization and Integrity for Transfers Act

This bill, called the REMIT Act of 2025, would make it harder for the federal government to add new special taxes or fees on money transfer companies. Before any such charge could be put in place, the Treasury Department would have to certify to Congress that it would not increase the risk of money laundering or other financial crimes and would not place an unfair burden on money transfer businesses. This includes both licensed money transmitters and informal systems that move money across borders.

The bill explains why: remittances are vital for families abroad, and past fines pushed some people toward underground ways to send money, which can be used by criminals and even terrorist groups. Keeping legal transfers affordable and accessible is meant to reduce that risk.

• Who is affected: people who send money to family overseas; money transfer companies (formal and informal).
• What changes: the federal government cannot require new excise taxes or fees on these businesses unless Treasury certifies no added crime risk and no undue burden.
• When: the text does not state a specific start date.