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REMITTANCE Act
6/11/2026, 11:41 PM
Summary of Bill HR 8995
The bill, designated as H.R. 8995 in the 119th Congress and introduced on May 21, 2026, aims to amend the Internal Revenue Code of 1986 concerning the excise tax on remittance transfers. The bill's primary focus is on modifying the existing excise tax regulations related to remittance transfers, with other purposes likely related to tax provisions and regulations within the Internal Revenue Code.
Read the Full Bill
Current Status of Bill HR 8995
Bill HR 8995 is currently in the status of Bill Introduced since May 21, 2026. Bill HR 8995 was introduced during Congress 119 and was introduced to the House on May 21, 2026. Bill HR 8995's most recent activity was Referred to the House Committee on Ways and Means. as of May 21, 2026
Bipartisan Support of Bill HR 8995
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 8995
Primary Policy Focus
TaxationAlternate Title(s) of Bill HR 8995
To amend the Internal Revenue Code of 1986 to modify the excise tax on remittance transfers, and for other purposes.
To amend the Internal Revenue Code of 1986 to modify the excise tax on remittance transfers, and for other purposes.
Comments
Sponsors and Cosponsors of HR 8995
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