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H.R. 7058

BillFederalHouseIn Committee
Border Security Reserve Fund Act
About This Bill
Committee
Latest Action · January 18, 2024
Referred to the Subcommittee on Border Security and Enforcement.
Congress
118th (2023–2025)
Introduced
January 18, 2024
Cosponsors (0)
None
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Summary

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This bill would create a special fund in the U.S. Treasury called the Border Security Reserve Fund that collects money from narcotics confiscated by U.S. Customs and Border Protection at the border. The fund would be available for border states and the U.S. Border Patrol to use for border security investments. The money would come from proceeds related to illegal drugs seized during border operations, and officials would verify that no counterfeit currency is included in deposits. The legislation explicitly prohibits sanctuary cities from using these funds and restricts the money from being spent on migrant overflow housing.

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