H.R. 76: Fund and Complete the Border Wall Act

This bill, known as the "Fund and Complete the Border Wall Act," proposes several measures aimed at funding and improving border security along the U.S.-Mexico border. Here are the key components of the bill:

Border Wall Trust Fund

The bill establishes a special account in the U.S. Treasury called the "Secure the Southern Border Fund." This fund will receive deposits and be used specifically for:

• Planning, designing, constructing, and maintaining barriers along the U.S.-Mexico border.
• Purchasing and maintaining necessary vehicles and equipment for U.S. Border Patrol agents, limited to no more than 5% of the funds.

Border Crossing Accountability

The Secretary of Homeland Security is required to:

• Report annually on the number of illegal border crossings and the nationalities of apprehended individuals.
• Implement a reduction in federal financial assistance to foreign countries based on the number of illegal crossings involving their nationals.
• Transfer the reduced funds into the Secure the Southern Border Fund.

Fees on Remittance Transfers

The bill introduces a 5% fee on remittance transfers sent from the U.S. to recipients outside the country. These fees will be directed to the Secure the Southern Border Fund, and failure to comply may result in significant penalties for both individuals and foreign governments aiding in evasion.

Increased Fees for Customs Processing

The fee for processing U.S. Customs and Border Protection Form I-94 (Arrival/Departure Record) will be increased from $6 to $25. The allocation of these fees will include contributions to the Secure the Southern Border Fund.

Construction of Barriers

The bill mandates the Secretary of Homeland Security to design, construct, and install physical barriers along the U.S.-Mexico border by December 31, 2025. The Secretary must follow specific consultation processes to minimize any negative impacts from construction activities.

Fair Labor Standards for Border Patrol Agents

The bill modifies regulations regarding pay for Border Patrol agents, allowing them to receive higher compensation rates for overtime work, ensuring they can earn significantly more during extensive work periods.

Severability Clause

Lastly, the bill includes a provision that maintains the validity of the remaining sections if any part of the legislation is found to be invalid or unconstitutional.

Relevant Companies

• CSCO (Cisco Systems, Inc.): The company could be involved in providing technology and surveillance solutions related to border security initiatives.
• RTX (Raytheon Technologies Corporation): As a defense and aerospace company, they may supply physical barriers, detection technology, and equipment for border security.
• NOC (Northrop Grumman Corporation): This defense contractor could be engaged in providing technology and systems to enhance border security measures.