1. Remittance transfer fee (a) In general Section 920 of the Electronic Fund Transfer Act (relating to remittance transfers) ( 15 U.S.C. 1693o–1 ) is amended— (1) by redesignating subsection (g) as subsection (h); (2) by inserting after subsection (f) the following: (g) Remittance transfer fee (1) In general If the designated recipient of a remittance transfer is located outside of the United States, a remittance transfer provider shall collect from the sender of such remittance transfer a remittance transfer fee equal to 10 percent of the United States dollar amount to be transferred. (2) Transfer of funds Not later than 90 days after the date of the enactment of this subsection, the Secretary of the Treasury, in consultation with the Bureau and remittance transfer providers, shall develop and make available a system for remittance transfer providers to submit the remittance transfer fees collected in accordance with paragraph (1) to the Secretary for transfer to the Border Enforcement Trust Fund in accordance with section 3344(b) of title 31, United States Code. (3) Penalties (A) In general Whoever, with the intent to evade a remittance transfer fee to be collected in accordance with this subsection, and who has knowledge that, at the time of such remittance transfer, the value of the funds involved in the transfer will be further transferred to a recipient located outside of the United States, requests or facilitates such remittance transfer to a recipient located outside of the United States— (i) shall be subject to a penalty of not more than the greater of— (I) $500,000; or (II) twice the value of the funds involved in such remittance transfer; (ii) imprisonment for not more than 20 years