The sender pays and the provider collects and remits quarterly
To provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70604, Sec. 70604.
Written by .
The sender pays and the provider collects and remits quarterly
The document says “shall”Who acts: remittance transfer providersHow: statuteSec. 70604 in the PDF
What the document says
“The remittance transfer provider with respect to any remittance transfer shall collect the amount of the tax imposed under subsection (a) with respect to such transfer from the sender and remit such tax quarterly to the Secretary”
The section requires the sender to pay the tax, requires the remittance transfer provider to collect it from the sender and hand it to the Secretary quarterly at the time and in the manner the Secretary provides, and makes the provider liable for any tax not collected when the transfer is made.
What the document actually says
“The remittance transfer provider with respect to any remittance transfer shall collect the amount of the tax imposed under subsection (a) with respect to such transfer from the sender and remit such tax quarterly to the Secretary”
That sentence, in plain words
The firm sending the money must collect the tax. It takes it from the sender. It must hand it over every three months.
What this is about
The sender owes the tax in the first place. If the firm fails to collect it, the firm owes it. That is a backstop, not a choice.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Provide for reconciliation pursuant to title II of H. Con. Res. 14, Public Law 119-21, sec. 70604, 139 Stat. 285 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
This page
“The sender pays and the provider collects and remits quarterly,” Provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70604, Sec. 70604. Read the Mandate, https://readthemandate.org/pl-119-21/proposal/sec70604-payment/ (retrieved October 10, 2026).
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