Stop Somali CASH Fraud Act

John Cornyn

Republican · TX · Senator

Source: Congress.gov · FEC

• Marsha Blackburn (R-TN)Original· 2026-03-12

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

2026-03-12

Source: Congress.gov

This bill would crack down on money transfers sent to Somalia by requiring banks and money transfer companies to strengthen their monitoring and reporting of these transactions to prevent funds from reaching terrorist organizations or being used for illegal purposes. The legislation aims to close gaps in how financial institutions track money flowing to Somalia, which officials say is vulnerable to misuse by extremist groups. Banks and money transfer services would face stricter compliance requirements when handling these international payments.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4078 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4078 To amend section 5316 of title 31, United States Code, to include concerning money instruments relating to certain countries in reports under that section, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 12, 2026 Mr. Cornyn (for himself and Mrs. Blackburn) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ A BILL To amend section 5316 of title 31, United States Code, to include concerning money instruments relating to certain countries in reports under that section, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Stop Somali Currency Airport Smuggling through Hawalas Fraud Act'' or the ``Stop Somali CASH Fraud Act''. SEC. 2. AMENDMENT. Section 5316 of title 31, United States Code, is amended-- (1) by redesignating subsections (c) and (d) as subsections (d) and (e), respectively; and (2) by inserting after subsection (b) the following: ``(c) Money Instruments or Currency Relating to Certain Countries.-- ``(1) In general.--A report under subsection (a)(1)(A) shall be filed not less than 72 hours before the monetary instrument or currency leaves the United States if the monetary instrument or currency is transported by an alien, as defined in section 101 of the Immigration and Nationality Act (8 U.S.C. 1101), who is a national of a country-- ``(A) designated by the Secretary of State under section 1753(c) of the Export Control Reform Act of 2018 (50 U.S.C. 4813(c)); ``(B) designated by the Secretary of State under section 40 of the Arms Export Control Act (22 U.S.C. 2780); ``(C) designated by the Secretary of State under section 620A of the Foreign Assistance Act of 1961 (22 U.S.C. 2371); ``(D) designated as a state sponsor of terrorism by the Secretary of State under section 219 of the Immigration and Nationality Act (8 U.S.C. 1189); or ``(E) that is identified as a high-risk country in the Department of State's January 14, 2026, press release titled, `Immigrant Visa Processing Updates for Nationalities at High Risk of U.S. Public Benefits Reliance'. ``(2) Report contents.--In addition to other information required under this section, a report under paragraph (1) shall also contain the following information: ``(A) Person transporting currency or monetary instruments.--With respect to the individual transporting currency or monetary instruments: ``(i) Any identity or travel documents, including number, issue date, and expiry date, that was issued to such individual during the immediately preceding 5-year period (including any refugee travel document, temporary protected status travel authorization document, advance parole document, or other travel authorization issued by the Secretary of Homeland Security or Secretary of State), whether valid or expired. ``(ii) Any individual taxpayer identification numbers (ITIN) used during the immediately preceding 5-year period. ``(iii) Any alien registration numbers used during the immediately preceding 5-year period. ``(B) Beneficiary or recipient of currency.--With respect to the beneficiary or recipient of currency: ``(i) Name. ``(ii) Address. ``(iii) Date of birth. ``(iv) Place of birth. ``(v) Any phone numbers, including home, work, and mobile numbers. ``(vi) Any email addresses, including personal and work. ``(vii) Passport or national identification number, including any photo identification, whether valid or expired. ``(C) Source.--Whether the currency or monetary instruments are funded from any Federal, State, or local government contract or benefit program, and if so, whether those funds were provided to any entity in which the person…

transporting the currency or monetary instruments has any ownership interest.''. <all>

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