Stop Somali CASH Fraud Act

Bill Number: S 4078|Origin Chamber: Senate|Status: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.|Policy Area: Immigration

TL;DR

What

Requires new reporting for specific cash transfers out of U.S. by foreign nationals.

Who

Senators Cornyn (R-TX) and Blackburn (R-TN) introduced it.

Status

In Senate committee, no vote yet.

This bill, officially called the "Stop Somali CASH Fraud Act," would modify federal law regarding reports of currency and monetary instrument transactions. It proposes new, detailed reporting requirements for certain cash and monetary instrument transfers leaving the United States, specifically if carried by foreign nationals from designated high-risk countries. Senator John Cornyn, a Republican from Texas, introduced this bill, with Senator Marsha Blackburn, a Republican from Tennessee, as a co-sponsor. It has been referred to the Senate Banking, Housing, and Urban Affairs Committee for review.

Cosponsors

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Where Is This Bill?

Introduced

Committee

House Vote

Senate

Law

Introduced Mar 12, 2026

This bill was introduced in the Senate on March 12, 2026. It has been assigned to the Senate Committee on Banking, Housing, and Urban Affairs, where it will be reviewed and possibly amended. For this bill to become law, it must pass through this committee, be approved by a vote in the full Senate, then pass the House of Representatives, and finally be signed by the President.

If This Passes, You Might Notice

•Foreign nationals from certain countries would face new reporting when leaving the U.S. with cash.
•Government will collect more personal data on these individuals and fund recipients.
•Transporters must disclose if funds come from government contracts or benefits.

If this bill becomes law, foreign nationals (as defined in immigration law) from countries designated as high-risk by the Secretary of State or from countries identified in a specific Department of State press release, would need to file detailed reports at least 72 hours before departing the U.S. with monetary instruments or currency. These reports would include extensive personal details about the traveler, such as travel documents, tax IDs, and alien registration numbers from the past five years. Additionally, it would require providing specific personal information for the recipient of the funds and detailing whether the money originates from federal, state, or local government contracts or benefit programs.

The Debate

Supporters Say

Supporters would likely argue it enhances national security by tracking potential illicit financial flows.

Critics Say